In ‘Buyer’s Market,’ Tuition Increases Haven’t Outpaced Inflation

Despite public perceptions that the cost of college is too high, tuition prices remained relatively low this year. And while the average dollar amount colleges charged for tuition and fees rose for the 2023–24 academic year, those increases were less than inflation rates, according to the College Board’s 2023 “Trends in College Pricing and Student Aid” report released today.