Smaller Tuition Increase in Public Colleges – OnlineBusinessDegree.org
While the increase in published tuition for public, four-year colleges and universities for 2012-2013 is smaller than it has been in recent years, the net price full-time students are paying increased significantly in 2012-2013 for the second consecutive year, according to findings from a report released today by The College Board.
The report Trends in College Pricing, examines the trends in undergraduate tuition and fees, room and board, and other estimated college expenses as well as the varying prices charged by different types of institutions and in different regions.
Findings show that the average published tuition and fees for in-state students at public, four-year institutions increased 4.8% from last academic year, from $8,256 to $8,655.
Additionally, average published tuition and fees:
- for out-of-state students at public, four-year institutions rose by 4.2% ($883)
- for private, not-for-profit, four-year institutions rose by 4.2% ($1,173)
- for public two-year colleges rose by 5.8% ($172)
Geographically, 2012-2013 average published tuition and fees for public two-year and four-year institutions were higher in New England than the South.
According to the report, about two-thirds of full-time students pay for college with the assistance of grant aid and a portion of the remaining one-third receive federal tax credits and deductions to help pay college expenses.
After factoring in the amount of grant aid and tax benefits received, on average, the net amount of tuition in-state students paid at public, four-year institutions increased between 2007-08 and 2012-13 (from $2,470 to $2,910). Though there was a decline from 2007-08 to 2009-10, the three years since have seen an average net tuition increase estimated at $960.
Full-time undergraduates at four-year, private, not-for-profit institutions paid an average net tuition increase from $12,600 in 2011-12 to an estimated $13,380 in 2012-13. The increase follows the three previous years of a declining average net tuition.
The report includes analysis of 3,125 public two- and four-year, private not-for-profit four-year, and for-profit institutions.
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