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Public Four-Year Universities Notch Continued Progress on Affordability & Student Debt, New Data Show
Thanks to public universities’ efforts to control costs, state investments, and federal efforts to protect Pell Grant funding, there has been significant progress in college affordability and student debt over the past decade.
College Board data released today shows in-state tuition and fees at public four-year universities are lower today than they were a decade after adjusting for inflation.
Key costs data:
- Average published tuition and fees for in-state students at public four-year universities is $12,290, down $40 from last year and $1,110 (8%) from a decade after adjusting for inflation.
- Average net tuition and fees for in-state students at public four-year universities is $1,920, down $40 from last year and $2,620 (58%) from a decade ago. | Source: CP-9 on page 18.
Key debt data:
- 54% of all students who earn a bachelor’s degree at public four-year universities graduate with $0 in student debt. | Figure SA-14A on page 44
- The share of students completing a bachelor’s degree at public four-year universities with no student debt has increased by 14 percentage points over the past decade. | Figure SA-14A on page 44
- Average debt among students who complete their bachelor’s degree at a public four-year university with any student debt is $27,980, down 23% over the past decade after adjusting for inflation. | Figure SA-14A on page 44
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