College Prices Set Record Highs in 2016

Tuition has quintupled since 1990—rising faster than inflation, incomes, and financial aid, new College Board study finds.

The cost of attending four-year colleges hit another record high in 2016, as boosts in tuition, room, and board yet again outpaced overall inflation as well as increases in financial aid.

The total published or “sticker” price for attending an in-state public university averaged $24,610 a year in the fall of 2016, the College Board said today in its definitive annual report. That cost, which includes tuition, fees, room, board, books, travel, and miscellaneous costs, is up $527, or more than 2%, from last year.

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