This report, based on the College Board's Annual Survey of Colleges, provides updated information on tuition and other expenses associated with attending public and private nonprofit institutions of postsecondary education in the United States in the 2003-2004 academic year. The annual survey is distributed to more than 2,800 postsecondary institutions across the country to collect information about enrollment, admissions, degrees and majors, tuition, financial aid, and other aspects of undergraduate education. For the 2003-2004 academic year, the average tuition and fees for in-state students at public 4-year colleges and universities is $4,694, up from $4,115 in 2002-2003, an increase of 14.1%. Because room and board charges increased at the lower rate of 6.6%, the increase in average total charges at 4-year public colleges and universities for 2003-2004 was 9.8%, to $10,636. Tuition and fees at public 2-year colleges, averaging $1,905 in 2003-2004, are only about 40% of these at public 4-year institutions. However this year's increase represents a rise of 13.8%. Private colleges posted smaller percentage increases in their tuition and fees. Average 4-year private college tuition and fees rose by 6.0%, to $19,710. Almost 60% of undergraduates receive some form of financial aid to help them pay for college. Estimates suggest that in 2002-2003, grant aid averages almost $2,000 per student in 2-year colleges, more than $2,400 at public 4-year institutions, and about $7,300 at private 4-year institutions. About 29% of undergraduate students at 4-year colleges and universities full time are enrolled in institutions charging less than $4,00 in tuition and fees, and almost 70% face published tuition charges of less than $8,000. As in previous years, data show that the cost associated with not going to college is likely to be much greater than the costs of attendance. (Contains 6 figures and 15 tables.) (SLD)