Tuition at in-state public colleges averages $11,610 while tuition at private colleges averages $43,350.
New research shows that tuition has fallen at many public colleges while tuition increases at private colleges have slowed after climbing for years.Why It MattersAmericans owe roughly $1.6 trillion in student loans as of June 2024, according to the Pew Research Center. Pew chalked this number up to a greater amount of young adults attending college and the increased cost of college.
Private College TuitionTuition at private colleges averages $43,350, up 4 percent in the past 10 years, when inflation is taken into account, College Board data shows. This is vastly different from 20 years ago when tuition climbed 68 percent.What People Are SayingJennifer Ma, an executive research scientist at the College Board and lead author of the study, told The Associated Press that the COVID-19 pandemic has been a large factor in tuition reductions.
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