Average Net Price over Time for Full-Time Students at Private Nonprofit Four-Year Institutions
After declining from about $15,500 (in 2018 dollars) in 2007-08 to $13,200 in 2011-12, the average net tuition and fee price paid by full-time students enrolled in private nonprofit four-year institutions increased to an estimated $14,600 in 2018-19.
Figure 10: Average Published and Net Prices in 2018 Dollars, Full-Time Undergraduate Students at Private Nonprofit Four-Year Institutions, 1998-99 to 2018-19
Notes & Sources
NOTES: Estimates of net price exclude military/veterans aid, which awards relatively large amounts to a small number of students. Because information on grant aid and education tax benefits for 2018-19 is not yet available, the net price for 2018-19 is estimated based on 2017-18 financial aid data.
SOURCES: College Board, Annual Survey of Colleges; Trends in Student Aid 2018; NCES, IPEDS Fall Enrollment and Student Financial Aid data.
- In 2018-19, full-time students at private nonprofit four-year colleges must cover an average of about $27,300 in tuition and fees and room and board after grant aid and tax benefits, in addition to paying for books and supplies and other living expenses.
- Between 2008-09 and 2018-19, both the average published tuition and fees at private nonprofit four-year colleges and universities and the average grant aid and tax benefits per student increased by about $7,400 in 2018 dollars. The average net tuition and fee price declined through 2011-12 and then rose to about the same level as at the beginning of the decade.
- Average grant aid from all sources and federal education tax benefits covered 42% to 45% of published tuition and fees at private nonprofit four-year institutions from 1998-99 through 2007-08, compared with between 57% and 60% since 2010-11.