Tuition and required fees at public and private nonprofit institutions increased slightly between the 2012-13 and 2014-15 academic years, according to newly-released data from the Department of Education (ED), while decreasing slightly at private for-profit institutions.
Provisional data released by ED’s National Center for Education Statistics last week shows that the average tuition and fees at public four-year and two-year institutions increased 2.9 percent and 3.5 percent for in-state students, respectively, and increased 2.9 percent and 2.6 percent for out-of-state students, respectively. In the private nonprofit sector, tuition and required fees increased 3.3 percent at four-year institutions, and 1.5 percent at two-year institutions.
Meanwhile, tuition and required fees in the for-profit sector fell 2.4 percent and 1.3 percent at four-year institutions and two-year institutions, respectively.
The data also tracked changes in other costs, such as books and supplies, room and board, and other expenses. While most of the other costs showed similar trends, there were a few notable changes. Room and board increased by 9.3 percent between 2012-13 and 2014-15 at two-year private nonprofit institutions, for example, and by 22 percent at public less-than-two-year institutions. The cost of books and supplies also fell by 14.1 percent at four-year for-profit institutions.
The tuition and fee increases also mirror those released by the College Board this month, which found prices to be increasing at a moderate rate, but still outpacing both the Consumer Price Index and household incomes.
Publication Date: 11/16/2015