Net Price by Income over Time: Private Sector
In 2011-12, grant aid covered an average of about 82% of published tuition and fees for full-time students from families with incomes below $30,000 at private nonprofit four-year colleges. Grants covered about 70% of tuition and fees for lower-middle-income, 52% for upper-middle-income, and 39% for higher-income students.
Figure 2013_13: Net Tuition and Fees, Net Room and Board and Other Costs, and Total Grant Aid in 2011 Dollars by Family Income, Full-Time Dependent Students at Private Institutions, 1999-2000, 2003-04, 2007-08, and 2011-12
Notes & Sources
*Because of the small sample size, grant aid estimates for the highest-income group in the for-profit sector are unstable and should be interpreted with caution.
NOTE: The 2011-12 numbers were revised in December 2013. Grant aid includes grants from all sources but not federal tax credits and deductions. Income categories (all in 2011 dollars) for each year are: lowest: less than $30,000; second: $30,000 to $64,999; third: $65,000 to $105,999; highest: $106,000 or higher.
SOURCE: NCES, National Postsecondary Student Aid Study, 1996, 2000, 2004, 2008, and 2012.
- For students in the lower half of the income distribution, the average net tuition and fee price at private nonprofit four-year institutions was lower (in 2011 dollars) in 2011‑12 than in 2003-04 and 2007-08. Net price including all costs of attendance was higher than in earlier years.
- For students in the upper half of the income distribution, the average net tuition and fee price was higher in 2011‑12 than in 1999‑2000 and 2003-04. The increase between 1999-2000 and 2011-12 was largest for those with incomes between $65,000 and $105,999 — about $2,600 more (in 2011 dollars). Total net cost of attendance, including room and board and other expenses, was about $5,600 more in 2011‑12 than in 1999‑2000 for these students.
- Published tuition and fee levels are higher at private nonprofit four-year institutions than at for‑profit institutions, but average net tuition and fee levels are higher in the for-profit sector, except for students from the most affluent families. For lower-middle-income students, the average net tuition and fee level in 2011‑12 was 59% higher at for-profit institutions than at nonprofit institutions, up from 11% higher in 2003‑04.