ADVERTISEMENT

ADVERTISEMENT

CollegeCosts 10-22

College prices up again

Average tuition and fees at four-year public colleges rose 6.6 percent this year, again outstripping increases in financial aid and pushing students into more borrowing. Community colleges once again did the best job keeping the lid on prices.

In-state students at four-year public schools are paying $6,185 this year, up $381 from last year, according to the nonprofit College Board’s annual survey of college costs, released Monday. At four-year private colleges, tuition and fees rose 6.3 percent to $23,712.

The published price is not the real price for many students. On average, accounting for grants and tax breaks, full-time students are actually paying $2,577 this year to attend four-year public universities. That’s $209 more than last year.

However, even the net price is still rising much faster than overall inflation. The net price at public universities is $560 higher, in 2007 dollars, than a decade ago. The five years have seen prices rise 31 percent above and beyond the general inflation rate for other goods and services — the worst record on college prices of any five-year period covered by the survey dating back 30 years.

What To Read Next
Caitlin and Jason Keck’s two-year term on the American Farm Bureau Federation committee begins next month.
The Minnesota Public Utilities Commission met on Jan. 5, 2023, to consider the application for Summit Carbon Solutions.
Qualified Minnesota farmers will receive dollar-for-dollar matching money to purchase farmland.