National Education Writers Association May 17,2012 Examining College Spending and Its Link to Price...
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Transcript of National Education Writers Association May 17,2012 Examining College Spending and Its Link to Price...
National Education Writers Association May 17,2012
Examining College Spending and Its Link to Price
Kim Clark, Money Magazine
Kathleen Payea, The College Board
Steve Hurlburt, Delta Cost Project
Matt Hamill, NACUBO
The headlines getting attention May 17, 2012
Sources: Various Media snippets. This is not intended to represent the full content of the articles.
“Slowly, as Student Debt Rises, Colleges Confront Costs”
The Economic Environment
Percentage Change in Inflation-Adjusted Mean Family Income by Quintile, 1980–1990, 1990–2000,
and 2000–2010
SOURCE: The College Board, Trends in College Pricing 2011, Figure 16A.
Enrollment Growth, Fall 2007 to Fall 2010
• 2.8 million additional undergraduate students
• Two-thirds of new students are enrolled full-time
• 34% of growth in public two-year sector
• 28% of growth in for-profit sector
• 26% of growth in public four-year sector
• 11% of growth in private nonprofit four-year sector.
Percentage Distribution of Enrollment of Full-Time Undergraduates and All Undergraduates in Degree-
Granting Institutions by Sector, Fall 2009
SOURCE: The College Board, Trends in College Pricing 2011, Figure 18.
College Prices
Average Published Charges for Undergraduates by Type and Control of Institution, 2011-12
(Enrollment-Weighted)
Source: The College Board, Trends in College Pricing 2011, Table 1A.
SectorTuition and Fees Room and Board Total Charges
2011-12 2010-11
$ Chang
e%
Change 2011-122010-
11
$ Chang
e
% Chang
e 2011-122010-11$
Change
% Chang
e
Public 2-Year In-State
$2,963 $2,727 $236 8.7% — — — — — — — —
Public 4-Year In-State
$8,244 $7,613 $631 8.3% $8,887 $8,549 $338 4.0%$17,13
1$16,16
2$969 6.0%
Public 4-Year Out-of-State
$20,770
$19,648$1,12
25.7% $8,887 $8,549 $338 4.0%
$29,657
$28,197
$1,460 5.2%
Private Nonprofit 4-Year
$28,500
$27,265$1,23
54.5%
$10,089
$9,706 $383 3.9%$38,58
9$36,97
1$1,618 4.4%
For-Profit$14,48
7$14,040 $447 3.2% — — — — — — — —
Distribution of Full-Time Undergraduates at Four-Year Institutions by Published Tuition and Fees,
2011-12
SOURCE: The College Board, Trends in College Pricing 2011, Figure 2.
Percentage Change in Public Four-Year In-State Tuition and Fees by State, 2011-12
SOURCE: Trends in College Pricing website (http://trends.collegeboard.org)
Average Public Four-Year In-State Published Tuition and Fees, 2011-12
SOURCE: Trends in College Pricing website (http://trends.collegeboard.org)
Inflation-Adjusted Published Tuition and Fees Relative to 1981-82, 1981-82 to 2011-12 (1981-82 =
100)
SOURCE: The College Board, Trends in College Pricing 2011, Figure 5.
Annual Percentage Changes in State Appropriations for Higher Education per Full-Time Equivalent (FTE) Student and Changes in Inflation-Adjusted Tuition and Fees at Public Four-Year Institutions, 1980‑81
to 2010‑11
SOURCE: The College Board, Trends in College Pricing 2011, Figure 10A.
Student Aid
Growth of Federal, Institutional, Private and Employer,
and State Grant Dollars in Constant 2010 Dollars, 2000-01 to 2010-11
SOURCE: The College Board, Trends in Student Aid 2011, Figure 3.
Average Aid per Full-Time Equivalent (FTE) Undergraduate Student in Constant 2010 Dollars,
1995-96 to 2010-11
SOURCE: The College Board, Trends in Student Aid 2011, Figure 11A.
Total Education Tax Credits and Tuition
Deductions in Constant 2009 Dollars,
1998 to 2009 (and Average Tax Savings
per Recipient)
SOURCE: The College Board, Trends in Student Aid 2011, Figure 12B.
Percentage of State Grant Aid for Which Students’ Financial Circumstances Were Considered by State,
2009-10
SOURCE: The College Board, Trends in Student Aid 2011, Figure 15B.
Published Tuition and Fees, Net Tuition and Fees, and Room and Board in Constant 2011 Dollars, Full-time Undergraduate Students, 1996-97, 2001-02,
2006-07, and 2011-12 (Estimated)
SOURCE: The College Board, Trends in College Pricing 2011, Figure 7.
Summary
• Price continue to rise – particularly in public institutions
• Wide variation across states – both in published prices and in rates of change
• Increased federal role – grants and tax credits
• Average NET tuition much lower than published prices – now rising in public four-year
For more information, visit:
trends.collegeboard.org
Trends team:
Kathleen Payea, [email protected]
Sandy Baum, [email protected]
Jennifer Ma, [email protected]
Sources of data and information for Education Writers
• College prices, net prices, aid, education pays: The College Board (trends.collegeboard.org)
• Federal grants & loan data, annual reports: The Department of Education (ed.gov)
• State grants (nassgap.org) • College savings plans (www.collegesavings.org) • Student debt: trends.collegeboard.org,
projectonstudentdebt.org• Enrollments, completions, other student aid related
reports: Digest of Ed Stats and Condition of Education, NPSAS: NCES (http://nces.ed.gov/)
• Endowments, tuition discounting, and more: NACUBO (http://www.nacubo.org/)
• College spending and tuition trends: Delta Cost Project (http://www.deltacostproject.org/)
• Unsure? Call your resources and ask. Fact check.