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Tuition costs of colleges and universities

Question:
What are the trends in the cost of college education?

Response:
For the 2010� academic year, annual current dollar prices for undergraduate tuition, room, and board were estimated to be $13,600 at public institutions, $36,300 at private not-for-profit institutions, and $23,500 at private for-profit institutions. Between 2000� and 2010�, prices for undergraduate tuition, room, and board at public institutions rose 42 percent, and prices at private not-for-profit institutions rose 31 percent, after adjustment for inflation. The inflation-adjusted price for undergraduate tuition, room, and board at private for-profit institutions was 5 percent higher in 2010� than in 2000�.

SOURCE:U.S. Department of Education, National Center for Education Statistics. (2012). Digest of Education Statistics, 2011 (NCES 2012-001), Chapter 3 .

Total tuition, room and board rates charged for full-time undergraduate students in degree-granting institutions, by type and control of institution: Selected years, 1980� to 2010�
Year and control of institution Constant 2009� dollars1 Current dollars
All institutions 4-year institutions 2-year institutions All institutions 4-year institutions 2-year institutions
All institutions
1980� $7,759 $8,756 $5,580 $3,101 $3,499 $2,230
1990� 10,620 12,303 6,361 6,562 7,602 3,930
2000� 13,393 15,996 6,766 10,820 12,922 5,466
2001� 13,842 16,589 6,955 11,380 13,639 5,718
2002� 14,298 17,185 7,441 12,014 14,439 6,252
2003� 15,086 18,059 7,809 12,953 15,505 6,705
2004� 15,595 18,666 8,022 13,793 16,510 7,095
2005� 15,939 19,007 7,881 14,634 17,451 7,236
2006� 16,438 19,611 7,926 15,483 18,471 7,466
2007� 16,617 19,823 7,819 16,231 19,363 7,637
2008� 17,257 20,606 8,318 17,092 20,409 8,238
2009� 17,649 21,093 8,533 17,649 21,093 8,533
2010� 18,133 21,657 8,734 18,497 22,092 8,909
Public institutions
1980� $5,938 $6,381 $5,072 $2,373 $2,550 $2,027
1990� 7,699 8,485 5,612 4,757 5,243 3,467
2000� 9,390 10,711 5,990 7,586 8,653 4,839
2001� 9,757 11,185 6,249 8,022 9,196 5,137
2002� 10,118 11,648 6,666 8,502 9,787 5,601
2003� 10,769 12,432 7,002 9,247 10,674 6,012
2004� 11,153 12,918 7,208 9,864 11,426 6,375
2005� 11,386 13,188 7,071 10,454 12,108 6,492
2006� 11,731 13,587 7,235 11,049 12,797 6,815
2007� 11,848 13,748 7,141 11,573 13,429 6,975
2008� 12,375 14,400 7,641 12,256 14,262 7,568
2009� 12,804 15,014 7,703 12,804 15,014 7,703
2010� 13,297 15,605 7,925 13,564 15,918 8,085
Private not-for-profit and for-profit institutions
1980� $13,686 $13,995 $10,766 $5,470 $5,594 $4,303
1990� 20,894 21,423 15,055 12,910 13,237 9,302
2000� 26,456 27,054 18,453 21,373 21,856 14,907
2001� 27,261 27, 848 19,248 22,413 22,896 15,825
2002� 22,778 28,310 21,129 23,340 23,787 17,753
2003� 28,679 29,198 22,779 24,624 25,070 19,558
2004� 29,189 29,690 22,949 25,817 26,260 20,297
2005� 29,307 29,770 23,312 26,908 27,333 21,404
2006� 30,194 30,703 21,535 28,439 28,919 20,284
2007� 30,475 30,945 22,200 29,767 30,226 21,685
2008� 31,102 31,576 22,946 30,804 31,273 22,726
2009� 31,023 31,488 24,483 31,023 31,488 24,483
2010� 31,395 31,975 23,401 32,026 32,617 23,871

1Constant dollars based on the Consumer Price Index, prepared by the Bureau of Labor Statistics, U.S. Department of Labor, adjusted to a school-year basis.

NOTE: Data are for the entire academic year and are average total charges for full-time attendance. Tuition and fees were weighted by the number of full-time-equivalent undergarduates, but were not adjusted to reflect student residency. Room and board were based on full-time students. Data through 1995-96 are for institutions of higher education, while later data are for degree-granting institutions. Degree-granting institutions grant associate抯 or higher degrees and participate in Title IV federal financial aid programs. The degree-granting classification is very similar to the earlier higher education classification, but it includes more 2-year colleges and excludes a few higher education institutions that did not grant degrees.

SOURCE: U.S. Department of Education, National Center for Education Statistics. (2012). Digest of Education Statistics, 2011 (NCES 2012-001), Table 349.

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