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2010 Private College Tuition and Student Aid Trends
Private College Tuition Increases 4.5 Percent for 2010-11; Institutional Student Aid Up 6.8 Percent
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NAICU Survey Points Toward Lowest Tuition Increase in at Least 37 Years
April 9, 2009
An ongoing survey of private colleges and universities is finding that next year's tuition increases are at historical lows, and are being outpaced by increases in institutional student aid.
Based on the 280 private colleges and universities that have so far reported their 2009-10 tuition and student aid data to the National Association of Independent Colleges and Universities, the average increase in tuition and fees is 4.2 percent - the lowest annual increase in at least 37 years, and close to the 2008 Consumer Price Index rate of 3.8 percent.
The average increase in institutional student aid budgets for 2009-10 at these institutions is 9.2 percent. Of those reporting, 92 percent say they are increasing their student aid budgets this year. NAICU will close its tuition and student aid survey in late April.
"It's clear that a broad mix of innovative affordability measures will continue to spread, as private colleges respond to market demand, and redouble their efforts to keep student out-of-pocket costs as low as possible. Our institutions are committed to maintaining access, and are facing stiff competition, during these tough times," said NAICU President David L. Warren.
Private institutions have been announcing a wave of new campus affordability measures for 2009-10, such as:
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