Average Net Price over Time for Full-Time Students at Private Nonprofit Four-Year Institutions
After declining from $15,270 (in 2017 dollars) in 2007-08 to $13,210 in 2012-13, the average net tuition and fee price paid by full-time students at private nonprofit four-year institutions increased to an estimated $14,530 in 2017-18.
Figure 10: Average Published and Net Prices in 2017 Dollars, Full-Time Undergraduate Students at Private Nonprofit Four-Year Institutions, 1997-98 to 2017-18
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 2017-18 is not yet available, the net price for 2017-18 is estimated based on 2016-17 financial aid data.
SOURCES: College Board, Annual Survey of Colleges; Trends in Student Aid 2017; NCES, IPEDS Fall Enrollment data.
- The average net tuition and fee price at private nonprofit four-year institutions is lower in 2017-18 than it was in 2007-08 because the increase in average grant aid and tax benefits was larger than the increase in published prices.
- Between 2012-13 and 2017-18, average published tuition and fees at private nonprofit institutions increased by $3,770 (in 2017 dollars). The $2,450 increase in grant aid and tax benefits per student covered 65% of that increase.
- Average grant aid from all sources and federal education tax benefits covered 41% to 45% of published tuition and fees at private four-year institutions from 1997-98 through 2007-08, compared with between 57% and 59% since 2010-11.
- The average net tuition and fee and room and board price is $27,560 in 2017-18, an increase of 9% ($2,210 in 2017 dollars) over the last decade.