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The Hill on tuition prices

Started by jimbogumbo, May 15, 2023, 10:12:07 AM

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Hibush

Calling the official tuition "rack rate" would help people understand its meaning better.

QuoteThe average student at a private, four-year college paid $32,800 in tuition and fees, room and board last fall, according to the College Board. Adjusting for inflation, the net price for private colleges has fallen by 11 percent in five years.

At public colleges, the net price of attendance now averages $19,250. That figure has dropped by 13 percent in five years.

Those are helpful numbers for comparisons, and for calculating a reasonable cost of education for an institution.