Trends in Student Aid and Trends in College Pricing

Trends in Student Aid and Trends in College Pricing 2012 NYSFAAA Conference Katrina Delgrosso Senior Educational Manager

Agenda What is the College Board Advocacy & Policy Center? Trends in College Pricing Trends in Student Aid

College Board Advocacy & Policy Center 3

Average Estimated Undergraduate Budgets, 2011-12 (Enrollment-Weighted) SOURCE: The College Board, Trends in College Pricing 2011, Figure 1.

Average Published Charges for Undergraduates by Type and Control of Institution, 2011-12 (Enrollment-Weighted) Sector Public 2-Year In-State Tuition and Fees Room and Board Total Charges 2011-12 2010-11 $ Change % Change 2011-12 2010-11 $ Change % Change 2011-12 2010-11 $ Change $2,963 $2,727 $236 8.7% % Change Public 4-Year In-State $8,244 $7,613 $631 8.3% $8,887 $8,549 $338 4.0% $17,131 $16,162 $969 6.0% Public 4-Year Out-of-State Private Nonprofit 4-Year $20,770 $19,648 $1,122 5.7% $8,887 $8,549 $338 4.0% $29,657 $28,197 $1,460 5.2% $28,500 $27,265 $1,235 4.5% $10,089 $9,706 $383 3.9% $38,589 $36,971 $1,618 4.4% For-Profit $14,487 $14,040 $447 3.2% Source: The College Board, Trends in College Pricing 2011, Table 1A.

Average Published Charges for Undergraduates by Carnegie Classification, 2011-12 (Enrollment-Weighted) Sector Public In-State Tuition and Fees Room and Board Total Charges 2011-12 2010-11 $ Change % Change 2011-12 2010-11 $ Change % Change 2011-12 2010-11 $ Change % Change Doctoral $9,185 $8,492 $693 8.2% $9,353 $8,989 $364 4.0% $18,538 $17,481 $1,057 6.0% Master s $7,186 $6,600 $586 8.9% $8,153 $7,856 $297 3.8% $15,339 $14,456 $883 6.1% Bachelor s $6,604 $6,207 $397 6.4% $8,251 $7,927 $324 4.1% $14,855 $14,134 $721 5.1% Private Doctoral $35,195 $33,699 $1,496 4.4% $11,806 $11,381 $425 3.7% $47,001 $45,080 $1,921 4.3% Master s $25,863 $24,695 $1,168 4.7% $9,629 $9,259 $370 4.0% $35,492 $33,954 $1,538 4.5% Bachelor s $25,838 $24,776 $1,062 4.3% $9,233 $8,869 $364 4.1% $35,071 $33,645 $1,426 4.2% Source: The College Board, Trends in College Pricing 2011, Table 1B.

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.

23% vs 69% greater than $1000 tuition and fee increase (Public vs Private)

Distribution of Full-Time Undergraduates at Public and Private Nonprofit Four-Year Institutions by Percentage and Dollar Increase in Published Tuition and Fees, 2011-12 SOURCE: The College Board, Trends in College Pricing 2011, Figure 3.

Average Annual Percentage Increases in Inflation-Adjusted Published Prices by Decade, 1981-82 to 2011-12 SOURCE: The College Board, Trends in College Pricing 2011, Figure 4.

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.

Public Two-Year Colleges: Average Tuition and Fee and Room and Board (TFRB) Charges by College Board Region, in Constant 2011 Dollars, 2001-02 and 2011-12 (Enrollment-Weighted) SOURCE: The College Board, Trends in College Pricing 2011, Figure 6.

Public Four-Year Institutions: Average Tuition and Fee and Room and Board Charges by College Board Region, in Constant 2011 Dollars, 2001-02 and 2011-12 (Enrollment-Weighted) SOURCE: The College Board, Trends in College Pricing 2011, Figure 6.

Average Public Four-Year In-State Published Tuition and Fees by State, 2011-12 SOURCE: Trends in College Pricing website (http://trends.collegeboard.org)

Increase in Public Four-Year In-State Tuition and Fees by State, 2011-12 Increase in Public Four-Year In- State Tuition and Fees by State SOURCE: Trends in College Pricing website (http://trends.collegeboard.org)

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.

Net Prices of Full-Time Full-Year Undergraduate Students at Public Four-Year Institutions by Selectivity (with Percentage of Students in Each Selectivity Category), 2007-08 SOURCE: The College Board, Trends in College Pricing 2011, Figure 8A.

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.

State Appropriations for Higher Education per $1,000 in Personal Income by State, 2010-11 (Including Federal Stimulus Funds) SOURCE: The College Board, Trends in College Pricing 2011, Figure 11B.

Ten-Year Trend in Student Aid and Nonfederal Loans per Full-Time Equivalent (FTE) Student Used to Finance Postsecondary Education Expenses in Constant 2010 Dollars, 2000-01 to 2010-11 SOURCE: The College Board, Trends in Student Aid 2011, Figure 1.

Undergraduate Student Aid by Source and Type (in Billions), 2010-11 SOURCE: The College Board, Trends in Student Aid 2011, Figure 2A.

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.

Growth of Federal and Nonfederal Loan Dollars in Constant 2010 Dollars, 2000-01 to 2010-11 SOURCE: The College Board, Trends in Student Aid 2011, Figure 4.

Percentage of Undergraduate Students Borrowing Federal Stafford Loans, 2000-01, 2005-06, and 2010-11 SOURCE: The College Board, Trends in Student Aid 2011, Figure 6.

Percentage Distribution of Federal Aid Funds by Sector, 2009-10 SOURCE: The College Board, Trends in Student Aid 2011, Figure 7.

Distribution of Cumulative Debt Among 2009 Bachelor s Degree Completers, by Last Institutional Sector Attended SOURCE: The College Board, Trends in Student Aid 2011, Figure 9A.

Distribution of Cumulative Debt Among 2009 Four-Year College Students Not Completing a Bachelor s Degree, by Last Institutional Sector Attended SOURCE: The College Board, Trends in Student Aid 2011, Figure 9B.

Average Total Debt Levels of Bachelor s Degree Recipients, Public Four-Year Colleges and Universities, in Constant 2010 Dollars, 1999-2000 to 2009-10 SOURCE: The College Board, Trends in Student Aid 2011, Figure 10A.

Average Total Debt Levels of Bachelor s Degree Recipients, Private Nonprofit Four-Year Colleges and Universities, in Constant 2010 Dollars, 1999-2000 to 2009-10 SOURCE: The College Board, Trends in Student Aid 2011, Figure 10B.

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 Pell Expenditures, Maximum and Average Pell Grant in Constant 2010 Dollars and Number of Recipients Relative to 1976-77 Level SOURCE: The College Board, Trends in Student Aid 2011, Figure 13A.

Maximum and Average Pell Grant in Constant 2010 Dollars, 1976-77 to 2010-11 SOURCE: The College Board, Trends in Student Aid 2011, Figure 13B.

Maximum Pell Grant as a Percentage of Tuition and Fees and Room and Board (TFRB), 1991-92 to 2011-12 SOURCE: The College Board, Trends in Student Aid 2011, Figure 13C.

Total Undergraduate Enrollment and Percentage of Students Receiving Pell Grants: 2000-01 to 2010-11 SOURCE: The College Board, Trends in Student Aid 2011, Figure 14A.

Percentages of Undergraduate Students and Aid Applicants Receiving Pell Grants by Dependency Status and Income Level, 2007-08 SOURCE: The College Board, Trends in Student Aid 2011, Figure 14B.

Institutional Grant Aid per FTE Student by Institutional Selectivity and Student Financial Need, Public Four-Year Colleges and Universities in Constant 2010 Dollars, 2007-08 to 2010-11 SOURCE: The College Board, Trends in Student Aid 2011, Figure 17A.

Institutional Grant Aid per FTE Student by Institutional Selectivity and Student Financial Need, Private Nonprofit Four-Year Colleges and Universities in Constant 2010 Dollars, 2007-08 to 2010-11 SOURCE: The College Board, Trends in Student Aid 2011, Figure 17B.

Total Assets in State-Sponsored Section 529 Savings Plans (and Percentage of Funds in Prepaid Tuition Accounts) in Constant 2011 Dollars (in Billions), December 1999 to June 2011 SOURCE: The College Board, Trends in Student Aid 2011, Figure 18.

Questions? For more information, visit: trends.collegeboard.org kpayea@collegeboard.org

Contact Information Katrina Delgrosso Senior Educational Manager kdelgrosso@collegeboard.org 585-313-2483