College Costs, Prices and Saving Plans
Based on available data, college tuition and fees have been rising more rapidly than household income over the past 2 decades. The divergence is particularly pronounced for low-income household and become less pronounced as household income increases. Some research has identified specific factors related to increases in college price. For example, price increases at public 4-year institutions are strongly related to decreases in state appropriations. Given the current budget crisis that is affecting states nationwide, double-digit increases in tuition and fees are slated in some states for the 2003-2004 academic year.
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Measures of College Costs and Price
HEA and College Costs and Prices
Institutional Revenue and Expenditures
Price of a College Education
Net Price and Financial Aid
Possible Explanations of Price Increases
2-year public institutions academic appropriations attended institutions charging Center for Education changes in tuition College Costs college price Congress constant dollars Control of Institution Costs and Prices CRS analysis current dollars degree-granting institutions Department of Education Digest of Education dollar increase Education Statistics 2002 enrollment example expenditures FAFSA federal aid federal grants grants and loans Hereafter cited highest quintile http://www.nces.ed.gov incentives Income Quintile increase in tuition institutional aid low-income students lowest quintile mean household income mean income Middle quintile NASULGC National Center Pell Grant percentage increase postsecondary education postsecondary institutions price controls price increases price of attendance Prices Volume private for-profit institutions private institutions private not-for-profit institutions public 4-year institutions public and private researchers SHEEO sticker price student aid student financial aid Table total price Total tuition Tuition and Fees tuition at public tuition discounting tuition increases tuition levels types of institutions U.S. Census Bureau U.S. Department