US public universities see smallest average tuition increase in 3 decades

October 23, 2013

According to a new report, the average tuition and fees charged by US 4-year public universities rose 2.9% for the 2013-14 school year, the smallest annual increase in more than 30 years. However, the Trends in College Pricing report also found that federal and state grant aid was not growing fast enough to keep actual net costs from rising. According to the report, tuition for in-state students at public 4-year schools averaged $8,893 in 2013-14, up from $8,646 in 2012-13; average tuition and fees for private colleges rose by 3.8% to $30,094. The smaller increase for public institutions “does not mean that college is suddenly more affordable, but it does mean that the rapid growth of recent years did not represent a 'new normal' for annual price increases.” New Hampshire ($14,665) and Vermont had the highest published tuition and fees for the current school year, while Wyoming ($4,404) and Alaska had the lowest. Reuters