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Education Policy & Technology
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Higher Ed, Lower Spending: As States Cut Back, Where Has the Money Gone?
Education Next: As high-school students plan for graduation and beyond, many families are counting on their local college or university as an affordable next step. But years of rising tuition costs have made that more financially challenging. The average annual net price of a four-year public college, after grants and scholarships, doubled in inflation-adjusted terms from $2,180 in 1997–98 to $4,140 in 2017–18. Including room and board, the average net price increased by $5,660 over this period to $14,940—or nearly $60,000 for a four-year degree.
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