College Board Reports ‘Modest’ Tuition Increases
In two reports released here last month, the College Board announced that college tuition and fees in the 2000-’01 academic year have increased an average of 4.8 percent at four-year colleges and from 5.2 percent at two-year institutions.
Calling the increases modest, College Board President Gaston Caperton says the report’s findings mean “that a college education is still well within the grasp of all Americans,” and that students and their families should consider the cost of a college education as “an investment that provides personal and financial dividends for a lifetime.”
According to the report, Trends in College Pricing 2000, this year’s undergraduates will pay on average from $56 to $814 more than last year for tuition and fees.
Based on the type of institution, students can expect to pay:
l $814 more at four-year, private institutions, a 5.2 percent increase from $15,518 l to $16,332;
l $148 more at four-year, public institutions, a 4.4 percent increase from $3,362 to $3,510;
l $490 more at two-year, private institutions, a 7 percent increase from $6,968 to $7,458;
l $56 more at two-year, public institutions, a 3.4 percent increase from $1,649 to $1,705.
The study also reports a record $68 million was available last year in federal financial aid, due largely to recent increases in Pell grant appropriations.
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