Cost of college remarkably stable « Gas station without pumps
I’ve been meaning to link to this analysis for awhile. Daphne Koller mentions in her TED video that costs of college are skyrocketing. Actually, the cost has stayed pretty much the same. The tuition has risen, because the cost is being shifted from the state to the student.
Note that the funding (tuition+state funding) has varied from a low of $10,200 in 1993 to a high of $12,766 in 2011($11,483 ± 11%). There is fluctuation, but not much, and no clear trend. Public college costs have been remarkably stable over the last 25 years. What has changed is who pays those costs. In 1986, about 23% of the funding was from tuition, and in 2011, about 43% of the funding was from tuition. Essentially all the change in tuition can be attributed to differences in state funding.