A new CCAP annual report, Net Tuition Trends in the United States, documents that net tuition and required fees (“sticker price” minus grant aid) charged at American schools have increased markedly over the last half decade.
While everyone knows that the “sticker price” of college has been going up every year, some argue that this is not alarming because the net price to students is much lower due to financial aid. This annual report uses Department of Education data to find the average net tuition from the 2000-2001 school year up through the 2005-2006 school year. The findings, which show that net tuition has increased, depending on the type of school, anywhere from 11% to 73% over the last six years (after adjusting for inflation), have shocking implications for college affordability.
Read the full press release here.
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Well, duh, compensation per employee (after inflation) goes up every year, at about the same rate as these tuition increases. I have news for the Doc: medical costs are going up for college staff as fast as they are for everyone else. And yes, universities still offer medical benefits, like the companies and government agencies with whom they compete for talent.
With the exception of the public 4-year universities, where tuition is going up much faster. And the latter are suffering cutbacks in their share of state appropriations -- no wonder they are jacking up tuition rapidly to make up the slack.
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