National Education Writers Association May 17,2012 Examining College Spending and Its Link to Price Kim Clark, Money Magazine Kathleen Payea, The College Board Steve Hurlburt, Delta Cost Project Matt Hamill, NACUBO

The headlines getting attention May 17, 2012 Sources: Various Media snippets. This is not intended to represent the full content of the articles. “Slowly, as Student Debt Rises, Colleges Confront Costs”

The Economic Environment

Percentage Change in Inflation-Adjusted Mean Family Income by Quintile, 1980–1990, 1990–2000, and 2000–2010 SOURCE: The College Board, Trends in College Pricing 2011, Figure 16A.

Enrollment Growth, Fall 2007 to Fall million additional undergraduate students Two-thirds of new students are enrolled full-time 34% of growth in public two-year sector 28% of growth in for-profit sector 26% of growth in public four-year sector 11% of growth in private nonprofit four-year sector.

Percentage Distribution of Enrollment of Full-Time Undergraduates and All Undergraduates in Degree-Granting Institutions by Sector, Fall 2009 SOURCE: The College Board, Trends in College Pricing 2011, Figure 18.

College Prices

Average Published Charges for Undergraduates by Type and Control of Institution, (Enrollment-Weighted) Source: The College Board, Trends in College Pricing 2011, Table 1A. Sector Tuition and FeesRoom and BoardTotal Charges $ Change % Change $ Change % Change $ Change % Change Public 2-Year In-State $2,963$2,727$2368.7%———————— Public 4-Year In-State $8,244$7,613$6318.3%$8,887$8,549$3384.0%$17,131$16,162$9696.0% Public 4-Year Out-of-State $20,770$19,648$1,1225.7%$8,887$8,549$3384.0%$29,657$28,197$1,4605.2% Private Nonprofit 4-Year $28,500$27,265$1,2354.5%$10,089$9,706$3833.9%$38,589$36,971$1,6184.4% For-Profit$14,487$14,040$4473.2%————————

Distribution of Full-Time Undergraduates at Four-Year Institutions by Published Tuition and Fees, SOURCE: The College Board, Trends in College Pricing 2011, Figure 2.

Percentage Change in Public Four-Year In-State Tuition and Fees by State, SOURCE: Trends in College Pricing website (

Average Public Four-Year In-State Published Tuition and Fees, SOURCE: Trends in College Pricing website (

Inflation-Adjusted Published Tuition and Fees Relative to , to ( = 100) SOURCE: The College Board, Trends in College Pricing 2011, Figure 5.

Annual Percentage Changes in State Appropriations for Higher Education per Full-Time Equivalent (FTE) Student and Changes in Inflation-Adjusted Tuition and Fees at Public Four-Year Institutions, 1980 ‑ 81 to 2010 ‑ 11 SOURCE: The College Board, Trends in College Pricing 2011, Figure 10A.

Student Aid

Growth of Federal, Institutional, Private and Employer, and State Grant Dollars in Constant 2010 Dollars, to SOURCE: The College Board, Trends in Student Aid 2011, Figure 3.

Average Aid per Full-Time Equivalent (FTE) Undergraduate Student in Constant 2010 Dollars, to SOURCE: The College Board, Trends in Student Aid 2011, Figure 11A.

Total Education Tax Credits and Tuition Deductions in Constant 2009 Dollars, 1998 to 2009 (and Average Tax Savings per Recipient) SOURCE: The College Board, Trends in Student Aid 2011, Figure 12B.

Percentage of State Grant Aid for Which Students’ Financial Circumstances Were Considered by State, SOURCE: The College Board, Trends in Student Aid 2011, Figure 15B.

Published Tuition and Fees, Net Tuition and Fees, and Room and Board in Constant 2011 Dollars, Full-time Undergraduate Students, , , , and (Estimated) SOURCE: The College Board, Trends in College Pricing 2011, Figure 7.

Summary Price continue to rise – particularly in public institutions Wide variation across states – both in published prices and in rates of change Increased federal role – grants and tax credits Average NET tuition much lower than published prices – now rising in public four-year

For more information, visit: trends.collegeboard.org Trends team: Kathleen Payea, Sandy Baum, Jennifer Ma,

Sources of data and information for Education Writers College prices, net prices, aid, education pays: The College Board (trends.collegeboard.org) Federal grants & loan data, annual reports: The Department of Education (ed.gov) State grants (nassgap.org) College savings plans ( Student debt: trends.collegeboard.org, projectonstudentdebt.org Enrollments, completions, other student aid related reports: Digest of Ed Stats and Condition of Education, NPSAS: NCES ( Endowments, tuition discounting, and more: NACUBO ( College spending and tuition trends: Delta Cost Project ( Unsure? Call your resources and ask. Fact check.