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The report reviews nationwide patterns across public two-year and four-year sectors and private nonprofit institutions, tracking changes over time and highlighting geographic variation by state. It also addresses institutional finance trends, including state and local funding per student, alongside definitions that distinguish costs, prices, and net price.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/trends-in-college-pricing-and-student-aid-2025-student-aid-and-higher-education-pricing-report-2025-highlights/267432/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/trends-in-college-pricing-and-student-aid-2025-student-aid-and-higher-education-pricing-report-2025-highlights/267432.png","ImageObject",300,407,{"name":92,"@type":93},"Margaret","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-11","2026-09-14",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",39,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What is the difference between “published price” and “net price” in this report?","Question",{"text":113,"@type":114},"“Published price” is what institutions charge for tuition and fees (and on-campus housing and food when applicable). “Net price” is what the student and/or family must cover after grant aid is subtracted.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How do published tuition and fees change across sectors in 2025-26?",{"text":118,"@type":114},"The report reports that 2025-26 average published tuition and fees rise across public four-year in-state, public four-year out-of-state, public two-year in-district, and private nonprofit four-year institutions, with sector-specific increases relative to 2024-25.",{"name":120,"@type":111,"acceptedAnswer":121},"What does the report say about net tuition and fees after grant aid?",{"text":122,"@type":114},"It notes that first-time full-time in-district students at public two-year colleges have been receiving enough grant aid to cover tuition and fees since 2009-10, and it provides peak-and-decline or downward trend figures for public four-year in-state and private nonprofit four-year students.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},267432,1789418771,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":130,"read_time":145,"preview_page_count":4},137451207643,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","TRENDS IN HIGHER EDUCATION SERIES  \nTrends in College Pricing and Student Aid 2025  \nCOLLEGE PRICING  \nSTUDENT AID  \nTrends in College Pricing and Student Aid 2025 was authored by Jennifer Ma, Matea Pender, and Xiaowen Hu.  \nContact Information for the Authors  \n[trends@collegeboard.org](trends@collegeboard.org)  \nTables, graphs, and data in this report or excerpts thereof may be reproduced or cited, for noncommercial purposes only, provided that the following attribution is included:  \nSource: Ma, Jennifer, Matea Pender, and Xiaowen Hu (2025) .  \nTrends in College Pricing and Student Aid 2025, New York: College Board.© 2025 College Board.  \n[www.collegeboard.org](www.collegeboard.org)  \n[research.collegeboard.org/trends](research.collegeboard.org/trends)  \nACKNOWLEDGMENTS  \nWe thank Dean Bentley, Jessica Bernier, Jessica Howell, and Michael Hurwitz for their thoughtful reviews. We also thank the cooperation and support of many colleagues at College Board, including Connie Betterton, Mark Bloniarz,  \nElena Davis, Kayla Hately, Karen Lanning, Shelby Robertson, Ashley Robinson-Spann, Holly Stepp, Chris Villanueva, and the Annual Survey of Colleges team.  \nWe thank all of those who contributed to the data collection for this publication, especially James Oren of the Illinois Student Assistance Commission, Bill DeBaun of the National College Attainment Network, and institutional research department staff and campus administrators who provided us with invaluable data through the Annual Survey of Colleges.  \nBFF Media Work provided expert graphic design work.  \nDEFINING TERMS  \n“Costs” refer to the expenditures associated with delivering instruction, including physical plant and salaries.  \n“Prices” are the expenses that students and parents face.  \n“Published price” is the price institutions charge for tuition and fees, as well as housing and food in the case of students residing on campus. A full student expense budget also includes allowances for books and course materials, supplies, transportation, and other personal expenses.  \n“Net price” is what the student and/or family must cover after grant aid is subtracted.  \n“General subsidies” make it possible for institutions to charge less than the actual costs of instruction. State, federal, and local appropriations, as well as private philanthropy, reduce the prices faced by all students—whether or not they receive financial aid.  \nMAR-23013 November 2025  \nHighlights  \nTRENDS IN COLLEGE PRICING  \nPUBLISHED PRICES  \n􀂃 In 2025-26, the average published (sticker) tuition and fees for full-time undergraduate students are (Table CP-1):  \n♦ Public four-year in-state: $11,950, $340 higher than in 2024-25 (2.9% before adjusting for inflation) .  \n♦ Public four-year out-of-state: $31,880, $1,060 higher than in 2024-25 (3.4% before adjusting for inflation) .  \n♦ Public two-year in-district: $4,150, $110 higher than in 2024-25 (2.7% before adjusting for inflation) .  \n♦ Private nonprofit four-year: $45,000, $1,750 higher than in 2024-25 (4.0% before adjusting for inflation) .  \n􀂃 In 2025-26, average budgets for full-time undergraduate students range from $21,320 for public two-year in-district students to $65,470 for private nonprofit four-year students. At public four-year institutions, average budgets are $30,990 for in-state students and $50,920 for out-of-state students. (Figure CP-1)  \n􀂃 Between 1995-96 and 2025-26, the average published tuition and fees increased from $2,810 to $4,150 for public two-year in-district students, from $5,940 to $11,950 for public four-year in-state students, and from $25,820 to $45,000 for private nonprofit  \nfour-year students, after adjusting for inflation. (Figure CP-2)  \n􀂃 Over the decade between 2015-16 and 2025-26, average inflation-adjusted tuition and fees declined by 10% for public two-year in-district students, declined by 7% for public four-year in-state students, and increased by 2% for private nonprofit four-year students. (Figure CP-4)  \n􀂃 In","cbCaicRU4CthjpKP","https://ap.wps.com/l/cbCaicRU4CthjpKP","pdf",2989691,56,"English","# Highlights\n## Trends in College Pricing\n## Published Prices\n## Net Prices After Grant Aid\n## Institutional Finances","[{\"question\":\"What is the difference between “published price” and “net price” in this report?\",\"answer\":\"“Published price” is what institutions charge for tuition and fees (and on-campus housing and food when applicable). “Net price” is what the student and/or family must cover after grant aid is subtracted.\"},{\"question\":\"How do published tuition and fees change across sectors in 2025-26?\",\"answer\":\"The report reports that 2025-26 average published tuition and fees rise across public four-year in-state, public four-year out-of-state, public two-year in-district, and private nonprofit four-year institutions, with sector-specific increases relative to 2024-25.\"},{\"question\":\"What does the report say about net tuition and fees after grant aid?\",\"answer\":\"It notes that first-time full-time in-district students at public two-year colleges have been receiving enough grant aid to cover tuition and fees since 2009-10, and it provides peak-and-decline or downward trend figures for public four-year in-state and private nonprofit four-year students.\"}]","Trends in College Pricing and Student Aid 2025 - Student Aid and Higher Education Pricing Report - 2025 Highlights | PDF",141]