TRENDS IN HIGHER EDUCATION SERIES Trends in College Pricing and Trends in Student Aid 2009 OCTOBER 20, 2009

TRENDS IN HIGHER EDUCATION SERIES

Trends in College Pricing and Trends in Student Aid

2009

OCTOBER 20, 2009

2009 TRENDS IN COLLEGE PRICING


Published College Prices:

How fast are they rising?



Average Published Charges for Undergraduates by Type and Control of Institution, 2009-10 (Enrollment-

Weighted)

Source: The College Board, Annual Survey of Colleges.



Average Annual Percentage Increase in Inflation-Adjusted Published Prices by Decade, 1979-80 to

2009-10

Source: The College Board, Annual Survey of Colleges; NCES, Integrated Postsecondary Education Data System (IPEDS).



Inflation-Adjusted Published Tuition and Fees, 1979-80 to 2009-10 (1979-80=100)

Source: The College Board, Annual Survey of Colleges; NCES, Integrated Postsecondary Education Data System (IPEDS).



State Tax Appropriations for Higher Education: Total Appropriations in Constant 2008 Dollars (in Millions),

Appropriations per Public FTE Student in Constant 2008 Dollars, and Public FTE Enrollment (in Thousands), 1971-72 to 2008-09

Sources: The College Board, Annual Survey of Colleges; Illinois State University, Grapevine reports; NCES, Digest of Education

Statistics 2008, Table 219.


2009 TRENDS IN COLLEGE PRICINGDistribution of Full-Time Undergraduates at

Public and Private Four-Year Institutions by Percentage Increase in Published Tuition and Fees,

2009-10



2009 TRENDS IN COLLEGE PRICINGDistribution of Full-Time Undergraduates at

Public and Private Four-Year Institutions by Dollar Increase in Published Tuition and Fees, 2009-

10




Published College Prices:

How much do they vary?



Distribution of Full-Time Undergraduates at Four-Year Institutions by Published Tuition and Fees,

2009-10




Average Published Charges for Undergraduates by Carnegie Classification, 2009-10 (Enrollment-

Weighted)




Region2009-10

TF10-year $ change

10-year % change

Highest Tuition and Fees New England $9,391 $3,349 55%Lowest Tuition and Fees South $5,802 $2,270 64% Largest Dollar Increase New England $9,391 $3,349 55%Largest Percentage Increase Southwest $6,768 $3,253 93% Smallest Dollar Increase Middle States $8,005 $2,180 37%Smallest Percentage Increase Middle States $8,005 $2,180 37%

Percentage Changes and Dollar Changes in Published Tuition and Fees

Four-Year Public Colleges by Region, 1999-00 to 2009-10



How Much do Students Actually Pay?

Net Prices



Average Estimated Undergraduate Budgets, 2009-10 (Enrollment-Weighted)




Net Price: Published Tuition and Fees, Net Tuition and Fees,

and Room and Board in Constant 2009 Dollars, Full-Time Undergraduate Students, 1994-95,

1999-2000, 2004-05 and 2009-10


2009 TRENDS IN COLLEGE PRICINGNet Price by Income: Public Four-Year CollegesNet Tuition and Fees, Net Room and Board and Other Costs, and

Total Grants in Constant 2007 Dollars by Income Group, Full-Time Dependent Students

1992-93, 1995-96, 1999-2000, 2003-04 and 2007-08

Sources: NCES, NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and

Economic Supplement, 2007.



Sources of Student Aid



Undergraduate Student Aid by Source (in Billions), 2008-09



Ten-Year Trend in Student Aid and Nonfederal Loans per FTE

Used to Finance Postsecondary Education Expenses in Constant (2008) Dollars, 1998-99 to 2008-09



Average Aid per Undergraduate FTE in Constant (2008) Dollars, 1994-95 to 2008-09



The Distribution of Income and Aid



Percentage Growth in Mean Family Income by Quintile in Constant 2008 Dollars, 1978–1988, 1988–1998, and 1998–

2008

Sources: U.S. Census Bureau, Current Population Survey, Table F-1, Table F-3, and FINC-01; calculations by the authors.



Total Pell Expenditures (in Millions), Maximum Pell Grant

and Average Pell Grant in Constant (2008) Dollars, and Number of Recipients (in Thousands),

1976-77 to 2008-09

Sources: The Federal Pell Grant Program End-of-Year Report, 2007-08; and projections from U.S. Department of Education, Office of Postsecondary

Education.



Average State Grants per Full-Time Dependent Undergraduate Student by Parent Income and

Percentage Receiving State Grants, in Constant (2007) Dollars, 1992-93 to 2007-08

Source: NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey,

Annual Social and Economic Supplement, 2007.



Distribution of Full-Time Dependent Students in Public

Institutions by Income, 2007-08

Average Institutional Grants and Average Federal plus State Grants per Full-Time Dependent Student by

Parent Income Public Institutions, 2007-08

Sources: NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey,

Annual Social and Economic Supplement, 2007.



Student Borrowing



Growth of Stafford, PLUS and Nonfederal Loan Dollars in Constant (2008) Dollars, 1998-99 to 2008-09



Distribution of Total Undergraduate Debt by Sector

and Type of Degree or Certificate, 2007-08

Source: NPSAS, 2008



For More Information:

College Board Communications

212-713-8052

[email protected]

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TRENDS IN HIGHER EDUCATION SERIES Trends in College Pricing and Trends in Student Aid 2009 OCTOBER 20, 2009