Washington, D.C., United States (AHN) – The annual “Trends in College Pricing” survey has found that U.S. students and families faced an average 7.9 percent jump in in-state tuition and fees at public four-year colleges and universities in 2010-11.
Published tuition and fees at public four-year colleges and universities have increased at an average annual rate of 5.6 percent beyond inflation over the past 10 years, compared to 2.7 percent at public two-year colleges and 3.0 percent at private nonprofit four-year institutions.
“An economic downturn, tuition increases and stagnant incomes have converged to squeeze both American families as they try to send children to college and older students who are seeking more education to improve their job opportunities,” said College Board President Gaston Caperton. “The silver lining is that record federal aid in the form of Pell Grants and tax credits is helping to make a college education more affordable.”
The average price of tuition and fees for in-state students at public four-year institutions is $7,605 in 2010-11, a jump of $555 from the previous year. At private nonprofit four-year colleges and universities, the average price is $27,293, which represents an increase of 4.5 percent, or $1,164. Published tuition and fees at public two-year colleges increased by $155 (6.0 percent) to $2,713 and for-profit institutions charge an average of $13,935, $679 (5.1 percent) more in 2010-11 than the year before.
“While we’re encouraged by significant increases in financial aid, under the current economic conditions, too many students and families are still struggling to pay for college,” said Sandy Baum, independent policy analyst for the College Board and co-author of the 2010 Trends in Higher Education Series.
Increases in grant aid and tax credits don’t benefit all students, but they are providing a financial boost for millions of families and students. Full-time undergraduate enrollment increased from 12.7 in 2008-09 to 13.5 million in 2009-10.
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October 28th, 2010
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