Average Net Price over Time for Full-Time Students at Private Nonprofit Four-Year Institutions
In 2015-16, after considering grant aid and federal education tax credits and deductions, full-time students at private nonprofit four-year institutions pay average net tuition and fees of about $15,000, compared to an average published price of $32,410.
Figure 13: Average Published and Net Prices in 2015 Dollars, Full-Time Undergraduate Students at Private Nonprofit Four-Year Institutions, 1995-96 to 2015-16
Notes & Sources
NOTES: Because information on grant aid and education tax benefits for 2015-16 is not yet available, the net price for 2015-16 is estimated based on 2014-15 financial aid data. Total grant aid includes federal Pell Grants, federal SEOG, state grants, institutional grants, private and employer grants. Prices and grant aid are rounded to the nearest $10.
SOURCES: The College Board, Annual Survey of Colleges; Trends in Student Aid 2015.
- About 70% of the $17,520 in aid per student that lowers net prices comes from colleges and universities in the form of discounts from their published prices.
- Average net tuition and fees in the private nonprofit four-year sector have increased for four consecutive years, but have not yet reached their 2007-08 peak of $15,100 (in 2015 dollars).
- The average net tuition and fees and room and board price is about $1,470 (in 2015 dollars) higher in 2015-16 than it was in 2007-08.