October 22, 2003

Public College Tuition Rose 14% in '03, Survey Finds

NYT


The nation's public universities raised tuitions by 14 percent this year, the steepest increase in at least a quarter century, if not significantly longer, according to the latest annual survey by the College Board.

Tuition at community colleges across the country also rose 14 percent, the second largest increase since 1976, the earliest year for which the College Board reports data.

In both cases, the increases, which come out to 13 percent when adjusted for inflation, were largely driven by cuts in state spending on education, the College Board said.

Private universities raised tuitions by 6 percent, itself not an unusual increase in recent years. But after adjusting for inflation, 2003 was the third consecutive year that private universities raised tuitions by at least 5 percent, more than twice the rate of inflation.

The last time a series of comparable increases occurred was in the mid-1980's, when families were enjoying a much healthier economy than they are now.

As a result of the increases, tuitions reached an average of $19,710 at private colleges, $4,694 at public universities and $1,905 at community colleges, more than twice what these institutions cost 20 years ago, even after adjusting for inflation.

Posted by Norm M. Wada at October 22, 2003 3:41 AM | TrackBack
Related Categories: Area - Social - Education


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