Consumer prices dropped by 2.1% for 12 months ending July 2009 (primarily driven by a 28.1% decrease in energy costs. Note that many economists quote an adjusted CPI number which excludes energy and food. Since I like to drive and eat I include those figures). I found these numbers on the College Board site regarding increases in college prices:
Average College Prices 2008-09 |
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Why is this important?
Based on the drop in consumer prices combined with the increases in tuition rates at private and four year colleges, consumers saw a real rate of increase of 8.0%-8.5% in 2008-09, which is quite extraordinary. If you consider that tuition has increased roughly 6%/year over the past decade and inflation has been 2-3% then real rates of increase have been 3-4%. It appears that colleges held a tighter line on price increases, with a NAICU survey of private colleges pointing to an expected increase of 4.3% for 2009-10.
So, I thought it was worth highlighting those schools that have kept a lid on tuition and fees. Here is a list of institutions that I would refer to as the "No Tuition Increase Club for 2009-10:"
- Coconino Community College (Flagstaff, Arizona): three free credits too
- University of Arkansas - Fayetteville
- Delaware State University
- University of Pittsburgh Regional campuses
- Ohio State University
For your list ...
* Private College Tuition Reductions for 2009-10:
- Davis & Elkins College
- William Jessup University
http://www.naicu.edu/special_initiatives/affordability/about/enhancing-affordability#reductions
* Private College Tuition Freezes for 2009-10:
- Albany Law School
- Becker College
- Benedictine University
- Hillsdale College
- Lake Erie College
- Lincoln Memorial College
- Merrimack College
- Sierra Nevada College
- West Virginia Wesleyan College
- Wheeling Jesuit University
- Yeshiva University
http://www.naicu.edu/special_initiatives/affordability/about/enhancing-affordability#freezes09
* Full List of New Private College Affordability Measures for 2009-10:
http://www.naicu.edu/special_initiatives/affordability/about/enhancing-affordability#2009-10
Posted by: Tony Pals, NAICU | August 31, 2009 at 07:01 AM