Education
US Public Colleges Saw Record Drop in Tuition Revenue Last Year
- Net tuition fell 3.3% per student, adjusted for inflation
- Total education revenue climbed as states bolstered funding
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Public colleges and universities in the US saw the largest decrease in tuition revenue per student on record in 2023, as school-fee increases failed to keep up with inflation, according to data released on Wednesday.
Net revenue at public higher education institutions — the amount of fees minus state and financial aid — fell 3.3% in 2023, adjusted for inflation, according to a report by the State Higher Education Executive Officers Association. That’s the largest decline in data going back to 1980.