Average Net Price for Full-Time Students over Time — Private Institutions
The average net tuition and fee price paid by full-time undergraduates enrolled in private nonprofit four-year colleges and universities declined (in inflation-adjusted dollars) each year between 2007-08 and 2011-12 because increases in grant aid per student were larger than increases in published prices. Average net price has increased from $11,550 in 2011‑12 to an estimated $12,460 in 2013-14.
NOTE: Prices have been rounded to the nearest $10.
SOURCES: The College Board, Annual Survey of Colleges; The College Board, Trends in Student Aid 2013; calculations by the authors.
- On average, net tuition and fees for private nonprofit four-year institutions are lower in inflation-adjusted dollars in 2013‑14 than they were a decade earlier — $12,460 versus $13,600.
- In 2013-14, on average, undergraduates enrolled full time in private nonprofit four-year institutions receive an estimated $17,630 in grant aid and tax benefits to help them pay for college.
- The average full-time undergraduate enrolled in a private nonprofit four-year college receives enough grant aid to cover about 60% of tuition and fees, but not to cover any other expenses. As a result, total net price — including tuition and fees as well as room and board — equals the $12,460 in net tuition and fees plus the full $10,830 for room and board, yielding an estimated total net price of $23,290 in 2013‑14.