How much does it cost to go to college?

July 2, 2018

Postsecondary Institutions and Cost of Attendance in 2017-18; Degrees and Other Awards Conferred, 2016-17; and 12-Month Enrollment, 2016-17

News Summary: The purpose of this preliminary report is examine the most recent data on the cost of sending students to college in the Unities States. During the 2017–18 academic year, there were 6,642 Title IV institutions of this total, 2,902 were classified as 4-year institutions, 1,932 were 2-year institutions, and the remaining 1,808 were less-than-2-year institutions. Average tuition and required fees for full-time, first-time degree/certificate-seeking undergraduates at 4-year institutions increased across all institutional controls except private for-profit institutions from 2015-16 to 2017–18. Public institutions reported a roughly 2 percent increase for in-state students (to approximately $8,300) and for out-of-state students (to approximately $18,700). Private nonprofit institutions reported an increase of approximately 3 percent (to about $28,000). Private for-profit institutions reported average tuition and required fees of approximately $16,200 for 2017–18. This represents a decrease of over 1 percent when compared with the inflation-adjusted figure from 2015–16. Approximately 3.3 million students received degrees or certificates at 4-year degree-granting institutions with more than 58 percent obtained a bachelor’s degree.

Citation:Ginder, S. A., Kelly-Reid, J. E., & Mann, F. B. (2018). Postsecondary Institutions and Cost of Attendance in 2016-17; Degrees and Other Awards Conferred, 2015-16; and 12-Month Enrollment, 2015-16: First Look (Provisional Data). NCES 2017-075rev. National Center for Education Statistics.