The report “Trends in Higher Education Pricing 2013” accumulates recent information on the prices which have been charged by higher institutions in 2013-2014, analyzes how these prices have altered with time, as well as how they differ based on a type of institution, region, or state.
First, the report highlights a comparatively small increase in the tuition fees at public higher institutions in 2010-2014. These small increases, however, followed a generally large increase in 2009, when the fees in public two-year and four-year colleges soared by around ten per cent. Hence, the report warns against misinterpreting the short-term small-increase trend as a long-term one.
Second, the report highlights increases in student grant aid in the years 2009 and 2010 and 2010-2011. Specifically, the grant aid has increased by almost five per cent on average with each year (based on Figure 3A). However, it emphasizes that this grant aid has not continued into 2013-2014.
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Third, it concludes that students are facing now greater increases in the college/university prices they pay even though the tuition price increases have been smaller and the grants are paid. This is well illustrated by the Figure 3A, where a spike in undergraduate students’ federal loans is shown in the period between 2007 and 2010. Similarly, the federal loans by graduate students rose sharply between 2010 and 2013. Besides, Figure 10A displays a steady rise in debt levels of the bachelor’s degree recipients in the period between 1999 and 2012, when the percentage of students who borrowed rose from fifty-four to fifty-seven percent, and the sums borrowed rose approximately by one fifth.
Fourth, the report details that net and published tuition fees have been steadily on the rise at both private and public four-year colleges over 2012-2014 as well as states that the net tuition fees decreased steadily in 2003-2012 . It also specifies that the room and board fees have been going up since 2008-2009 (based on Figure 10).
Finally, a steady increase in salaries for the faculty has been identified at private colleges, with a four per cent rise over a decade; a small two-percent increase has been identified at public colleges. “Other professionals” have got a fourteen percent increase in salary for over a decade.
