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.

Figure 11: Published Tuition and Fees, Net Tuition and Fees, and Room and Board in 2013 Dollars, Full-Time Undergraduate Students at Private Nonprofit Four-Year Institutions, 1993-94 to 2013-14, Selected Years

Because financial aid data for 2013-14 are not yet available, financial aid and the resulting net prices for 2013-14 are preliminary estimates.

Notes & Sources 

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.