ERIC Number: ED457722
Record Type: RIE
Publication Date: 2001
Reference Count: N/A
Trends in College Pricing, 2001.
College Board, Washington, DC. Washington Office.
This report presents data on college costs from the College Board's Annual Survey of Colleges for the 2001-2002 academic year, as well as trends in costs for the past 30 years and analyses of college prices in relation to family income and available financial aid. Data include: (1) average fixed charges for undergraduates (tuition and fees and room and board); (2) average nonfixed budget components (books, supplies, and other expenses); and (3) sample student expense budgets for each type of institution. For the 2001-2002 academic year, the average tuition charged by public four-year colleges and universities is $3,754, up from $3,487 in 2000-2001, an increase of 7.7%. Private college tuition increased by 5.5%, from $16,233 to $17,123. Room and board charges increased 4.7% at public colleges, to an average $6,455, and 6.6% at private colleges, to $5,254. Judging by tuition prices, college would appear to be within the reach of most Americans, especially with the availability of more than $74 billion in financial aid. Enrollment in postsecondary education has been rising for all economic, racial, and ethnic groups during the past quarter century. However, trends in college financing present serious problems for low- and moderate-income families. Tuition has run more than 100% ahead of the Consumer Price Index since 1981, but median family income has risen only 27% in real terms. An appendix contains notes and information on data sources. (Contains 10 tables and 15 figures.) (SLD)
Descriptors: Access to Education, Cost Estimates, Expenditure per Student, Higher Education, National Surveys, Parent Financial Contribution, Paying for College, Private Colleges, Public Colleges, Student Costs, Student Financial Aid, Tables (Data), Trend Analysis
College Board Publications, Box 886, New York, NY 10101-0886 (item #992991, $15, plus $4 postage and handling). Tel: 800-323-7155 (Toll Free). For full text: http://www.collegeboard.com.
Publication Type: Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: College Board, Washington, DC. Washington Office.
Note: For the companion report, "Trends in Student Aid, 2001," see HE 034 369. For the 2000 edition of "Trends in College Pricing," see ED 446 618.