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Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.
Net Price (tuition less aid received) has also grown, but to a much smaller degree, as most universities have increased their "discount rate" by offering more in student aid. [2] After adjusting for inflation, average net price at public and private universities has increased by 77% and 17%, respectively, over the same time frame. [3]
A college student in 1980 could attend a four-year college for about $10,000 per year, according to the National Center for Education Statistics. By 2019-20, the total price increased to over $33,000.
Costs for those attending public two-year community colleges have fallen even more, by 9% over the past decade, according to the College Board data, which is broadly in line with federal figures ...
Here’s a prediction of how college costs may look in the upcoming years, assuming a 3 percent annual increase in fees, tuition and other expenses: Academic year Public two-year
These costs factor in tuition, housing, food, university fees, and supplies such as textbooks, manuals, and uniforms. Two year public universities, such as a community college, factor in tuition and fees, and have an average yearly cost of $3,730. The average tuition and fees for for-profit institutions were 14,600. [1]