Tuition Discount Rates at Private Colleges and Universities Top 50 Percent

Average private college and university tuition discount rates reached new highs this academic year. In the 2022 NACUBO Tuition Discounting Study, 341 private, nonprofit colleges and universities reported an estimated 56.2 percent average institutional tuition discount rate for first-time, full-time, first-year students in academic year (AY) 2022-23 and 50.9 percent for all undergraduates—both record highs. By providing grants, fellowships, and scholarships, these institutions forgo more than half the revenue they otherwise would collect if they charged all students the tuition and fee sticker price.