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For all full-time dependent students except those from families with incomes of $100,000 or higher, the average tuition and fees net of grant aid at private for-profit colleges was higher than the net price at private not-for-profit four-year institutions in 2007-08. |
Net price measures the amount students pay after taking grant aid into consideration. In Figure 8 and Figure 9, the blue segment represents average published tuition and fees less average grant aid per student from all sources. When there is no blue segment, average grant aid exceeds tuition and fees. The red segment represents average other costs of attendance, including room and board, books and supplies, and transportation after subtracting any average grant aid not required for tuition and fees. The total height of the bars, including the orange average grant segment, represents total published cost of attendance.
Note: Net price is defined here as published price less grant aid. Unlike the calculations of net price in Figure 7, tax credits and deductions are not subtracted. Income groups are based on quartiles of families in the U.S. Census Bureau 2006 income data (corresponding to the 2007-08 academic year). Earlier years’ income cutoffs are based on the 2006 cutoffs and adjusted for inflation. In constant 2006 dollars, lowest-income group: <$32,500; lower-middle group: $32,500–$59,999; upper-middle group: $60,000–$99,999; highest income group: $100,000 and higher.
Sources: NCES, NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2007
Download Excel for this figure. Download Excel for all figures and tables. This figure was prepared in October 2009. - On average, tuition and fees net of grant aid declined (in constant dollars) for the lowest income
full-time dependent students at private colleges between 2003-04 and 2007-08. Net tuition grew at an average annual rate of less than 1% for lower-middle and highest-income students, but for students from families with incomes between $60,000 and $99,999 (in 2006 dollars), average net price increased by 2.4% per year beyond inflation.More
- In 2007-08, full-time dependent students with family incomes below $32,500 at private not-for-profit
four-year college faced total tuition and fees net of grant aid that were one-third of the net price faced by students from families with incomes of $100,000 or higher.More
- Full-time dependent students with family incomes between $32,500 and $59,999 faced net tuition and fees equal to half of those
paid by the most affluent students at private not-for-profit colleges.More
- In 2007-08, full-time dependent students from families with incomes between $60,000 and $99,999 faced net tuition and fees
equal to about 70% of the expenses paid by the students from the highest-income families.More
- For full-time dependent students at all income levels, net tuition and fees at for-profit institutions increased 8% to 10% per year beyond
inflation between 2003-04 and 2007-08, compared to 0% to 2% at private not-for-profit four-year colleges, 0% to 4% at public two-year colleges, and -6% to 3% per year at public four-year colleges.More
Also Important
- The grant aid reported here are calculated by subtracting from published prices grant aid from
federal and state governments, colleges and universities, and private sources. Education tax credits and deductions reduce the amounts students and families actually pay, but these credits and deductions are not included here.More
- There is considerable variation in the grant aid received by individual students with similar incomes
because of state and institutional grant policies, in addition to other circumstances. Some students pay more than the average net prices reported here, and others pay less.More
