2015 Trends in Higher Education Findings
2015 Trends in Higher Education FindingsKemba Dunham, Senior Director, Internal Communications
Each year, our Trends in Higher Education series provide insights into trends in college pricing and financial aid. This year’s report, released today, found that college prices continue to increase at a moderate pace and student aid remains stable. Continuing the post-recession trend, borrowing per student declined for the fourth consecutive year and was 10% lower in 2014-15 than in 2010-11.
These data provoke a necessary conversation about college financing,” said Jack Buckley, senior vice president of research. “As the price of postsecondary education continues to rise, we need innovative thinking around federal, state, and institutional aid that will allow all students and families to feel confident that they will be able to pay for college. The College Board will continue to present the most transparent and relevant data so that policymakers and researchers can understand how to evaluate and address this nationwide challenge.”
Here’s a sampling of the key findings:
- Between 2005-06 and 2015-16, published in-state tuition and fees at public four-year institutions increased at an average annual rate of 3.4% per year beyond inflation, compared to average annual rates of increase of 4.2% between 1985-86 and 1995-96 and 4.3% between 1995-96 and 2005-06.
- Average published tuition and fees for full-time in-state students at public four-year colleges and universities increased 2.9% before adjusting for inflation, rising from $9,145 in 2014-15 to $9,410 in 2015-16.
Student Aid Findings
- Undergraduates received an average of $14,210 in financial aid in 2014-15, including $8,170 in grants from all sources, $4,800 in federal loans, $1,170 in education tax credits and deductions, and $70 in Federal Work-Study.
- Inflation-adjusted grant aid per FTE undergraduate student increased by 56% between 2004-05 and 2014-15, with only 7% of that increase between 2010-11 and 2014-15.
For the full press release, click here.
Join Sandy Baum, co-author of Trends in College Pricing and Trends in Student Aid, for a webcast on November 4 at 1:15 p.m. EST where she will discuss the latest findings from the 2015 reports. Sign up for the webcast.