Transcript Education Pays 2010

The Starting Point
• Published prices have been rising rapidly.
• Increases in federal grant aid and tax benefits have
cushioned price increases — but led to concerns
about federal spending.
• Concerns about student debt are mounting.
• Is anything changing?
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Percentage Change in Inflation-Adjusted Mean Family Income
by Quintile, 1982–1992, 1992–2002, and 2002–2012
Year
2012
2011
2010
Lowest 20% Second 20% Third 20% Fourth 20% Highest 20%
$15,534
$15,601
$15,715
$38,184
$38,341
$38,871
$62,464
$62,307
$63,355
$95,474
$95,180
$96,659
SOURCE: The College Board, Trends in College Pricing 2013, Figure 20A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
$202,559
$202,067
$197,055
Top 5 %
$352,338
$351,728
$329,487
Average Published Charges for Full-Time Undergraduates by Type and
Control of Institution, 2013-14 (Enrollment-Weighted)
Tuition and Fees
Room and Board
Total Charges
$
%
$
%
$
%
2013-14 2012-13 Change Change 2013-14 2012-13 Change Change 2013-14 2012-13 Change Change
Sector
Public TwoYear In-State
$3,264
$3,154
$110
3.5%
$7,466
$7,342
$124
1.7% $10,730 $10,496
$234
2.2%
Public FourYear In-State
$8,893
$8,646
$247
2.9%
$9,498
$9,171
$327
3.6% $18,391 $17,817
$574
3.2%
Public FourYear Out-ofState
$22,203 $21,533
$670
3.1%
$9,498
$9,171
$327
3.6% $31,701 $30,704
$997
3.2%
Private
Nonprofit
Four-Year
$30,094 $28,989
$1,105
3.8% $10,823 $10,458
$365
3.5% $40,917 $39,447 $1,470
3.7%
For-Profit
$15,130 $15,060
$70
0.5%
—
—
—Sample too small to provide meaning information.
SOURCE: The College Board, Trends in College Pricing 2013, Table 1A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
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Average Annual Percentage Increases in Inflation-Adjusted Published
Prices by Decade, 1983-84 to 2013-14
SOURCE: The College Board, Trends in College Pricing 2013, Figure 4.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Published In-State Tuition and Fees, Net Tuition and Fees, and Room and
Board in 2013 Dollars, Full-Time Undergraduate Students at Public
Institutions, 2003-04 to 2013-14, Selected Years
SOURCE: The College Board, Trends in College Pricing 2013, Figure 10.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Published Tuition and Fees, Net Tuition and Fees, and
Room and Board in 2013 Dollars, Full-Time Undergraduate Students
at Private Nonprofit Four-Year Institutions,
1993-94 to 2013-14, Selected Years
SOURCE: The College Board, Trends in College Pricing 2013, Figure 11.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Number of Pell Recipients, Total Inflation-Adjusted Expenditures, and
Maximum and Average Pell Grant Relative to the 1976-77 Level, 1976-77
to 2012-13
Total Pell Expenditures (Constant Dollars)
SOURCE: The College Board, Trends in Student Aid 2013, Figure 13A.
For detailed data, visit: trends.collegeboard.org
Number of Recipients
Trends in Higher Education Series
2010-11
6.33
4.79
2011-12
5.75
4.86
2012-13
5.45
4.55
Total Education Tax Credits and Deductions in 2012 Dollars,
1998 to 2011 (and Average Tax Savings per Recipient)
SOURCE: The College Board, Trends in Student Aid 2013, Figure 16A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Averages hide the realities
for many students.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Distribution of Full-Time Undergraduates at Four-Year Institutions by
Published Tuition and Fees, 2013-14
SOURCE: The College Board, Trends in College Pricing 2013, Figure 2.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Net Tuition and Fees, Net Room and Board and Other Costs, and Total
Grant Aid in 2011 Dollars by Family Income, Full-Time
Dependent Students at Public Four-Year Institutions,
1999-2000, 2003-04, 2007-08, and 2011-12
2011-12 Family Income Quartile
2011-12
Net TF
Lowest
2nd
$0
$2,105
3rd Highest
$6,512
$8,071
Net RB
& Other $11,755 $13,028 $13,250 $13,669
Costs
Grant
Aid
Total
COA
SOURCE: The College Board, Trends in College Pricing 2013, Figure 12.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
$9,835
$6,667
$2,967
$2,576
$21,590 $21,800 $22,729 $24,316
Average 2013-14 In-State Tuition and Fees at Public Institutions,
by State, and Five-Year Percentage Changes in Inflation-Adjusted Tuition
and Fees, 2008-09 to 2013-14
SOURCE: The College Board, Trends in College Pricing 2013, Figure 7.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
State Grant Aid per Full-Time Equivalent (FTE) Undergraduate Student in
2012 Dollars, 2011-12
SOURCE: The College Board, Trends in Student Aid 2013, Figure 18A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Percentage of Undergraduate State Grant Aid for Which Students’
Financial Circumstances Were Considered, by State, 2011-12
SOURCE: The College Board, Trends in Student Aid 2013, Figure 17B.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
State Funding
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
State Appropriations for Higher Education: Total Appropriations in 2012
Dollars (in Billions), Appropriations per Public FTE Student
in 2012 Dollars (in Thousands), and
Public FTE Enrollment (in Millions), 1982-83 to 2012-13
Appropriations per FTE
SOURCE: The College Board, Trends in College Pricing 2013,
Figure 14B.
For detailed data, visit: trends.collegeboard.org
Appropriations (Billions)
2002-03 2009-10 2010-11 2011-12 2012-13 Decade
$8,764 $7,742 $7,488 $6,690 $6,646 -24%
$79.4
Trends in Higher Education Series
$83.2
$82.5
$73.2
$72.0
-9%
Net Tuition Revenues, Subsidies, and Education and Related Expenditures
per Full-Time Equivalent (FTE) Student in 2010 Dollars at Public
Institutions (and Percentage of Expenditures Covered by Net Tuition),
2000-01, 2005-06, and 2010-11
SOURCE: The College Board, Trends in College Pricing 2013, Figure 17A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
State Appropriations for Higher Education per Full-Time Equivalent
Student and per $1,000 in Personal Income,
by State, 2012-13
SOURCE: The College Board, Trends in College Pricing 2013, Figure 15B.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Changes in Student Aid
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Total Undergraduate Student Aid in 2012 Dollars (in Millions),
1992-93 to 2012-13, Selected Years
1992-93
1997-98
2002-03
2007-08
2008-09
2009-10
2010-11
2011-12
Preliminary
2012-13
Total Federal
Grants
$13,462
$12,433 $19,482 $22,536 $25,842
$43,271 $50,840 $46,048
$45,228
Total Federal
Loans
$15,643
$30,273 $37,243 $48,242 $60,358
$72,067 $74,674 $73,036
$67,791
Education Tax
Benefits
─
$1,830
$5,750
$6,120
$9,290
$14,540 $16,700 $16,880
$16,880
State Grants
$3,301
$4,738
$7,183
$8,629
$8,642
Institutional
Grants
$10,270
TOTAL GRANTS
$30,593
$9,383
$9,592
$13,380 $17,240 $23,920 $25,090
$28,890 $31,810 $33,530
$34,890
$34,281 $50,206 $62,894 $67,754
$90,065 $101,354 $98,591
$99,549
SOURCE: The College Board, trends.collegeboard.org, page 12.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
$9,364
$9,484
Need-Based and Non-Need-Based State Grants per Full-Time Equivalent
(FTE) Undergraduate Student in 2012 Dollars,
1971-72 to 2011-12
SOURCE: The College Board, Trends in Student Aid 2013, Figure 17A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Distribution of Full-Time Undergraduate Students at Public and Private
Nonprofit Four-Year Colleges and Universities by Tuition and Fee Level,
Dependency Status, and Family Income, 2007-08
SOURCE: The College Board, trends.collegeboard.org, page 30.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Student Debt
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Growth of Federal and Nonfederal Loan Dollars in 2012 Dollars,
1992-93 to 2012-13, Selected Years
SOURCE: The College Board, Trends in Student Aid 2013, Figure 6.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Total Number of Undergraduate and Graduate Federal Subsidized and
Unsubsidized Student Loan Borrowers and Average Amount Borrowed in
2012 Dollars, 2002-03 to 2012-13
SOURCE: The College Board, Trends in Student Aid 2013, Figure 7B.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Distribution of Outstanding Education Debt Balances,
2012 Fourth Quarter
SOURCE: The College Board, Trends in Student Aid 2013, Figure 11A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Average Total Debt Levels of Bachelor’s Degree Recipients,
Public Four-Year Colleges and Universities in 2012 Dollars,
1999-2000 to 2011-12
SOURCE: The College Board, Trends in Student Aid 2013, Figure 10A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Average Total Debt Levels of Bachelor’s Degree Recipients, Private
Nonprofit Four-Year Colleges and Universities in 2012 Dollars, 1999-2000 to
2011-12
SOURCE: The College Board, Trends in Student Aid 2013, Figure 10B.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Distribution of Outstanding Federal Direct Loan Dollars and Recipients by
Repayment Plan, FY 2013
SOURCE: The College Board, Trends in Student Aid 2013, Figure 12A.
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
Where We Are
•
•
•
•
College is expensive.
There are no magic bullets.
The investment pays off very well for most people.
We need:
• appropriately targeted student aid
• adequate public funding
• better guidance for students
• Works in progress:
• institutional quality and efficiency
• student aid reform
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series
For more information, visit:
trends.collegeboard.org
Sandy Baum, [email protected]
Jennifer Ma, [email protected]
Kathleen Payea, [email protected]
For detailed data, visit: trends.collegeboard.org
Trends in Higher Education Series