Tuition Increases 4.6% at Private Colleges, While Student Aid Grows 7%

June 23, 2011, 2:56 pm

Published tuition and fees will increase by an average of 4.6 percent this fall at private, nonprofit colleges, while institutional student aid is expected to grow by 7 percent, according to the results of an annual tuition survey released today by the National Association of Independent Colleges and Universities. Tuition increases have been about the same over the past few years, according to the association, while aid amounts for 2011-12 are down slightly from the 9-percent increase in 2010-11. Citing findings by the College Board, Naicu reports that large expenditures on institutional aid have helped to reduce inflation-adjusted net tuition, which has dropped 11.2 percent at private colleges over the past five years.

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danlundquist

Robin Hood… Alive. Well? If discounting is outpacing price increase, how about just hold on price, signal affordability? expense discipline?
fviggiano

The result of this type of trend is that private colleges in many many cases are less expensive than public colleges after factoring in student grants particularly those from the institution in question and from related foundations and other tax exempt entities created to support students in ‘high cost’ institutions. All this is supported by the taxpayer through tax exempt organizations and tax favored donations to those entities. The billions of dollars stockpiled in instutional endowments provide a
large source of student aid most of which is not need based and goes to high incme families who could afford to pay more. Thes losers are of course, low income students and families who are forced to borrow more and more and go to in some cases substandard institutions in the profit making sector. What a world we live in.