Trends & Indicators Archive: Affordability 2014

Affordability 2014

Paying for college involves an ever-changing balance of contributions from multiple stakeholders: the federal government, states, institutions, private foundations and organizations, and students and families. This section explores what paying for college looks like through the eyes of New England students and families. For data and research on how the costs of college look to institutions and states, see Finance Trends & Indicators.

  • Published tuition and required fees have risen dramatically in New England in nearly every institutional sector since the 2008 recession—rising by as much as 42% at 4-year public institutions (not adjusted for inflation; see this Journal piece for more on tuition and fees).
  • When also including room and board, books and supplies, and other expenses, total costs of attendance at public institutions make up anywhere from 25% to 45% of a state’s median household income.
  • Taking into account grant or scholarship aid brings the average “net” price of attendance down, though this varies widely by and within sectors (see this Newslink for more on average net price).
  • As grant aid covers a smaller share of rising costs, students are increasingly using loans to make up the difference.

Figure AFF 1: Average In-State Published Tuition and Fees at 2-Year Institutions in New England by Control, 2005-12

Fig_AFF01_2014

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Source: U.S. Department of Education


Figure AFF 2: Average In-State Published Tuition and Fees at 4-Year Institutions in New England by Control, 2005-12

Fig_AFF02_2014

Click on the chart to enlarge in a new window.

Source: U.S. Department of Education


Figure AFF 3: Average In-State Cost of Attendance at 2-Year Public Institutions as a Share of Household Income by State, 2011-12

Fig_AFF03_2014

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Source: New England Board of Higher Education analysis of data from U.S. Department of Education and U.S. Census Bureau


Figure AFF 4: Average In-State Cost of Attendance at 4-Year Public Institutions as a Share of Household Income by State, 2011-12

Fig_AFF04_2014

Click on the chart to enlarge in a new window.

Source: New England Board of Higher Education analysis of data from U.S. Department of Education and U.S. Census Bureau


Figure AFF 5: Average Total Cost of Attendance and Average Net Price as a Share of Household Income in New England, 2011-12

Fig_AFF05_2014

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Source: New England Board of Higher Education analysis of data from U.S. Department of Education and U.S. Census Bureau


Figure AFF 6: Total Student Aid Disbursement by Type in New England by Institutional Sector, 2011-12

Fig_AFF06_2014

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Source: New England Board of Higher Education analysis of data from U.S. Department of Education data


Figure AFF 7: State/Local Grant Aid as a Share of Total Student Aid Disbursement in New England by Institutional Sector, 2008-12

Fig_AFF07_2014

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Source: New England Board of Higher Education analysis of data from U.S. Department of Education data


T&I Archives: Affordability was part of Financing Higher Education before July 2014. Click below to view Financing Higher Education information from previous Trends & Indicators coverage:


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