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OCTOBER 17, 2000

Tuition at colleges across the nation has increased, according to an annual survey by The College Board.

The results, announced on Monday, probably aren't what most parents want to hear. But the organization said the increase was only "modest" and emphasized that going to college is one of the best bets a person can make for future financial success.

In actual dollar values, the increases do seem modest. Parents or grandparents sending their loved ones to four-year private institution are paying $814 more this year and just $148 more for tuition at a four-year public institution.

Still, tuition at universities and colleges throughout the country are high. The College Board says the average tuition at a four-year school is $16,332, an increase of 5.2 percent from 1999.

When other fees such as room and board are factored into the equation, the total cost of sending a student to a private school rises to $22,451.

For those watching their money, state colleges are the most economical. The average tuition at a public institution is $3,510, up 4.4 percent from 1999.

Added fees bring the total cost to $8,470.

A great number of undergraduate students do attend lower priced schools. The College Board says 47.1 percent of students enrolled in the current school year go to schools with a total cost of less than $4,000, while 8.8 percent of students attend schools which cost more than $20,000.

Families and students worried about the rising costs have some relief. The College Board also reported on Monday that funding from state, federal, and private sources is at a record $68 billion.

Costs at two-year colleges are also reported by the College Board.

Get the Reports:
Trends in College Pricing 2000 [PDF 1.1MB] (The College Board October 2000)
For IE users - Trends in College Pricing 2000 [PDF 1.1MB] (The College Board October 2000)
Trends in Student Aid 2000 [PDF 646KB] (The College Board October 2000)
For IE users - Trends in Student Aid 2000 [PDF 646KB] (The College Board October 2000)

Relevant Links:
The College Board - www.collegeboard.org