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What will the percent difference for inflation-adjusted tuition between public and private universities and colleges be in the 2020-2021?
The financial hardships brought on both families and higher education institutions creates an interesting battle between choosing to lower or increase tuition. Lowering tuition could help increase attendance and attract families suffering from unemployment or reductions in their salaries. Increasing tuition would allow for the college to prevent furloughing or reductions in staff salary, as well as continuing to provide the same standard of student services. Here, tuition includes both room and board, as well as all other required fees. Private institutions represent both non-profit and for-profit schools. Adjusted for inflation using the CPI (consumer price index), the tuition for public universities in the 2018-2019 was $18,383 while for private institutions it was $44,306, with a relative percent increase from 2017-2018 of 1.2% and 1.7%. This data can be found through the NCES through a series of IPEDS surveys.
This question asks: What will the percent difference for inflation-adjusted tuition between public and private universities and colleges be in the 2020-2021?
This question will resolve ambiguously if there is no data published by the resolution date. This question is part of the Higher Education Series.
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