When one talks about college costs, one has to talk about net costs, not gross (undiscounted) costs. I’ve posted this on other threads, but it’s misleading to talk about the ever increasing college costs when net tuition costs are decreasing and have been for a number of years. (I am not saying that college isn’t too expensive for many families and/or that in some states the relative net cost of the institutions is too high compared to median family income of that state.)
Here’s one of my previous posts:
College net tuition costs have decreased due to an increasing discount rate. Of course there is wide variability in what a given family might pay, but still, the averages are instructive from a macro perspective. Nor does this include room and board, but room and board charges are often discounted as well, not to mention many students can live off campus for all or most of their years of attendance at rates lower than what a college might charge.
From CollegeBoard’s most recent report:
Net Prices
The majority of full-time undergraduate students receive grant aid that helps them pay for college.
- Since 2009-10, first-time full-time students at public two-year colleges have been receiving enough grant aid on average to cover their tuition and fees.
- After adjusting for inflation, the average net tuition and fee price paid by first-time full-time in-state students enrolled in public four-year institutions peaked in 2012-13 at $4,230 (in 2023 dollars) and declined to an estimated $2,730 in 2023-24.
- After adjusting for inflation, the average net tuition and fee price paid by first-time full-time students enrolled in private nonprofit four-year institutions declined from $18,820 (in 2023 dollars) in 2006-07 to an estimated $15,910 in 2023-24.
Full reports available here , including data by income ranges.
Here are some different data (most recent data is academic year 2020-21), showing average net COA (so includes room and board) was $14,700 at four year publics for first time freshman.
In academic year 2020–21, the average net price of attendance (total cost minus grant and scholarship aid) for first-time, full-time undergraduate students attending 4-year institutions was $14,700 at public institutions, compared with $28,400 at private nonprofit institutions and $24,600 at private for-profit institutions (in constant 2021–22 dollars).
https://nces.ed.gov/programs/coe/indicator/cua
Paying less for school is possible, as these averages show. It is a choice for some families to pay more. Of course most families have college financial constraints which is often the primary consideration in choosing a college (or if college).