College Tuition and Fees Up 4.7 Percent Since February 2020

Decision time! It’s Spring and, if you’re a student, you may be deciding where to go to school next year. If you’re a parent, you may be helping your kids with that decision or picking a day care or preschool for your children. For many, cost plays an important role in these decisions. Prices for college tuition and fees increased 4.7 percent from February 2020 to February 2023. This increase was less than the increase of 15.7 percent in prices for all items over the same period.