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TRENDS IN HIGHER EDUCATION SERIES
Trends in College Pricing and Trends in Student Aid
2009
OCTOBER 20, 2009
2009 TRENDS IN COLLEGE PRICING
TRENDS IN HIGHER EDUCATION SERIES
Published College Prices:
How fast are they rising?
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Average Published Charges for Undergraduates by Type and Control of Institution, 2009-10 (Enrollment-
Weighted)
Source: The College Board, Annual Survey of Colleges.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Average Annual Percentage Increase in Inflation-Adjusted Published Prices by Decade, 1979-80 to
2009-10
Source: The College Board, Annual Survey of Colleges; NCES, Integrated Postsecondary Education Data System (IPEDS).
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Inflation-Adjusted Published Tuition and Fees, 1979-80 to 2009-10 (1979-80=100)
Source: The College Board, Annual Survey of Colleges; NCES, Integrated Postsecondary Education Data System (IPEDS).
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
State Tax Appropriations for Higher Education: Total Appropriations in Constant 2008 Dollars (in Millions),
Appropriations per Public FTE Student in Constant 2008 Dollars, and Public FTE Enrollment (in Thousands), 1971-72 to 2008-09
Sources: The College Board, Annual Survey of Colleges; Illinois State University, Grapevine reports; NCES, Digest of Education
Statistics 2008, Table 219.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICINGDistribution of Full-Time Undergraduates at
Public and Private Four-Year Institutions by Percentage Increase in Published Tuition and Fees,
2009-10
Source: The College Board, Annual Survey of Colleges.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICINGDistribution of Full-Time Undergraduates at
Public and Private Four-Year Institutions by Dollar Increase in Published Tuition and Fees, 2009-
10
Source: The College Board, Annual Survey of Colleges.
2009 TRENDS IN COLLEGE PRICING
TRENDS IN HIGHER EDUCATION SERIES
Published College Prices:
How much do they vary?
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Distribution of Full-Time Undergraduates at Four-Year Institutions by Published Tuition and Fees,
2009-10
Source: The College Board, Annual Survey of Colleges.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Average Published Charges for Undergraduates by Carnegie Classification, 2009-10 (Enrollment-
Weighted)
Source: The College Board, Annual Survey of Colleges.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Region2009-10
TF10-year $ change
10-year % change
Highest Tuition and Fees New England $9,391 $3,349 55%Lowest Tuition and Fees South $5,802 $2,270 64% Largest Dollar Increase New England $9,391 $3,349 55%Largest Percentage Increase Southwest $6,768 $3,253 93% Smallest Dollar Increase Middle States $8,005 $2,180 37%Smallest Percentage Increase Middle States $8,005 $2,180 37%
Percentage Changes and Dollar Changes in Published Tuition and Fees
Four-Year Public Colleges by Region, 1999-00 to 2009-10
2009 TRENDS IN COLLEGE PRICING
TRENDS IN HIGHER EDUCATION SERIES
How Much do Students Actually Pay?
Net Prices
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Average Estimated Undergraduate Budgets, 2009-10 (Enrollment-Weighted)
Source: The College Board, Annual Survey of Colleges.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Net Price: Published Tuition and Fees, Net Tuition and Fees,
and Room and Board in Constant 2009 Dollars, Full-Time Undergraduate Students, 1994-95,
1999-2000, 2004-05 and 2009-10
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICINGNet Price by Income: Public Four-Year CollegesNet Tuition and Fees, Net Room and Board and Other Costs, and
Total Grants in Constant 2007 Dollars by Income Group, Full-Time Dependent Students
1992-93, 1995-96, 1999-2000, 2003-04 and 2007-08
Sources: NCES, NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and
Economic Supplement, 2007.
2009 TRENDS IN COLLEGE PRICING
TRENDS IN HIGHER EDUCATION SERIES
Sources of Student Aid
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Undergraduate Student Aid by Source (in Billions), 2008-09
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Ten-Year Trend in Student Aid and Nonfederal Loans per FTE
Used to Finance Postsecondary Education Expenses in Constant (2008) Dollars, 1998-99 to 2008-09
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Average Aid per Undergraduate FTE in Constant (2008) Dollars, 1994-95 to 2008-09
2009 TRENDS IN COLLEGE PRICING
TRENDS IN HIGHER EDUCATION SERIES
The Distribution of Income and Aid
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Percentage Growth in Mean Family Income by Quintile in Constant 2008 Dollars, 1978–1988, 1988–1998, and 1998–
2008
Sources: U.S. Census Bureau, Current Population Survey, Table F-1, Table F-3, and FINC-01; calculations by the authors.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Total Pell Expenditures (in Millions), Maximum Pell Grant
and Average Pell Grant in Constant (2008) Dollars, and Number of Recipients (in Thousands),
1976-77 to 2008-09
Sources: The Federal Pell Grant Program End-of-Year Report, 2007-08; and projections from U.S. Department of Education, Office of Postsecondary
Education.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Average State Grants per Full-Time Dependent Undergraduate Student by Parent Income and
Percentage Receiving State Grants, in Constant (2007) Dollars, 1992-93 to 2007-08
Source: NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey,
Annual Social and Economic Supplement, 2007.
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Distribution of Full-Time Dependent Students in Public
Institutions by Income, 2007-08
Average Institutional Grants and Average Federal plus State Grants per Full-Time Dependent Student by
Parent Income Public Institutions, 2007-08
Sources: NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey,
Annual Social and Economic Supplement, 2007.
2009 TRENDS IN COLLEGE PRICING
TRENDS IN HIGHER EDUCATION SERIES
Student Borrowing
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Growth of Stafford, PLUS and Nonfederal Loan Dollars in Constant (2008) Dollars, 1998-99 to 2008-09
TRENDS IN HIGHER EDUCATION SERIES
2009 TRENDS IN COLLEGE PRICING
Distribution of Total Undergraduate Debt by Sector
and Type of Degree or Certificate, 2007-08
Source: NPSAS, 2008
2009 TRENDS IN COLLEGE PRICING
TRENDS IN HIGHER EDUCATION SERIES
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