Average Net Price for Full-Time Students over Time — Private Institutions
Average net tuition and fees for full-time undergraduates at private nonprofit four-year institutions rose from $12,600 (in 2012 dollars) in 2011-12 to $13,380 in 2012-13. This increase comes after three consecutive years of decline between 2007-08 and 2010-11 and a small increase of $60 between 2010-11 and 2011-12.
NOTE: Prices have been rounded to the nearest $10.
SOURCES: The College Board, Annual Survey of Colleges; Trends in Student Aid 2012; calculations by the authors.
- The average private nonprofit four-year net price of $12,540 in 2010-11 was the lowest since 2000-01 in inflation-adjusted dollars.
- In 2012-13, on average, undergraduates enrolled full-time in private nonprofit four-year colleges receive an estimated $15,680 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 a significant portion 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 $13,380 in net tuition and fees plus the full $10,460 for room and board, yielding an estimated total net price of $23,840 in 2012-13.