18
For detailed data behind the graphs and additional information, please visit: research.collegeboard.org/trends.
Average Net Price: Public Four-Year
Since 2016-17, the average net tuition and fee price paid by rst-time full-time in-state students
enrolled in public four-year institutions has been declining after adjusting for ination; it was an estimated
$2,250 in 2022-23.
FIGURE CP-9 Average Published and Net Prices in 2022 Dollars, First-Time
Full-Time In-State Undergraduate Students at Public Four-Year
Institutions, 2006-07 to 2022-23
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
Published Tuition and Fees
and Room and Board (TFRB)
Published
Tuition and Fees (TF)
Published Cost
of Attendance (COA)
Net COA
Grant Aid
Net TFRB
Net TF
Public Four-Year
10-11 12-13 16-17 18-19 22-2308-09 14-15 20-2106-07
Published
TF
Published
TFRB
Published
COA
Grant Aid
per Student Net TF Net TFRB Net COA
06-07 $8,440 $18,690 $23,870 $4,760 $3,680 $13,930 $19,110
07-08 $8,760 $19,190 $24,500 $5,160 $3,600 $14,030 $19,340
08-09 $9,000 $19,590 $25,020 $5,490 $3,510 $14,100 $19,530
09-10 $9,670 $20,850 $26,560 $6,460 $3,210 $14,390 $20,100
10-11 $10,270 $21,780 $27,430 $6,990 $3,280 $14,790 $20,440
11-12 $10,800 $22,390 $28,020 $6,830 $3,970 $15,560 $21,190
12-13 $11,060 $22,780 $28,400 $7,000 $4,060 $15,780 $21,400
13-14 $11,200 $23,150 $28,740 $7,250 $3,950 $15,900 $21,490
14-15 $11,340 $23,470 $29,000 $7,480 $3,860 $15,990 $21,520
15-16 $11,680 $24,230 $29,820 $7,660 $4,020 $16,570 $22,160
16-17 $11,820 $24,640 $30,160 $7,820 $4,000 $16,820 $22,340
17-18 $11,950 $24,890 $30,300 $8,240 $3,710 $16,650 $22,060
18-19 $11,930 $25,010 $30,290 $8,340 $3,590 $16,670 $21,950
19-20 $11,980 $25,200 $30,520 $8,850 $3,130 $16,350 $21,670
20-21 $11,990 $25,270 $30,540 $9,090 $2,900 $16,180 $21,450
21-22 $11,640 $24,580 $29,610 $9,040 $2,600 $15,540 $20,570
22-23 $10,940 $23,250 $27,940 $8,690 $2,250 $14,560 $19,250
In 2022-23, rst-time full-time in-state students
at public four-year colleges need to cover an
estimated average of $14,560 in tuition and fees
and room and board after grant aid, in addition
to $4,690 in allowances for books and supplies,
transportation, and other personal expenses.
Between 2006-07 and 2022-23, average grant aid
per rst-time full-time in-state student at public
four-year colleges increased by $3,930 after
adjusting for ination, from $4,760 (in 2022 dollars)
to an estimated $8,690; average published tuition
and fees in this sector increased by $2,500, from
$8,440 (in 2022 dollars) to $10,940.
ALSO IMPORTANT:
In 2019-20, the latest year for which detailed
nancial aid data are available from IPEDS, 49% of
the total $8,850 (in 2022 dollars) in grant aid per
rst-time full-time in-state student in the public
four-year sector comes from institutional grant aid
provided by colleges and universities in the form of
discounts from their published prices.
The average net prices in Figure CP-9 are calculated
among all rst-time full-time undergraduate
students in the public four-year sector, including
those who did not receive grant aid. In 2019-20,
78% of rst-time full-time undergraduate students
in this sector received federal, state, or institutional
grant aid.
NOTE: Average net price is calculated as the dierence
between published price from College Board’s Annual Survey
of Colleges and grant aid from IPEDS Student Financial Aid
data. Because the latest year for which grant aid data are
available is 2019-20, grant aid and net prices for 2020-21 and
after are projected and shown in dotted lines. Higher Education
Emergency Relief Fund is included in the 2019-20 grant aid data
and projected for later years.
SOURCE: College Board, Annual Survey of Colleges; NCES,
IPEDS Student Financial Aid data.