The rising cost of educating a college student (1967)

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For some frame of reference, and according to statistics released in 2012, for the 2009–2010 school year, average total expenditures per full-time-equivalent (FTE) student at public degree-granting colleges were $26,200. For the same time period, total expenditures per FTE student at private not-for-profit colleges were $45,900 — and averaged $46,100 at 4-year colleges, and $19,000 at 2-year colleges.

The rising cost of educating a college student

Average expenditures of colleges per student for a full year

rising-cost-educating-college-student-1967

In public colleges

1956-57: $1,834
1966-67: $2,222
1976-77 (projected): $2,575

In private colleges

1956-57: $1,892
1966-67: $3,414
1976-77 (projected): $4,870

Source: US Office of Education

 

Soaring outlays in US for higher education

Total yearly expenditures by all colleges

Higher education has become one of the country’s biggest and fastest-growing industries, with total expenditures of nearly 17 billion dollars a year. In just 10 years, the college and university outlays have more then trebled.

soaring-outlays-for-higher-ed-1967

Public colleges

10 years ago: $2.9 billion
Now (est.): $9.7 billion
Increase: $6.8 billion

Private colleges

10 years ago: $2.0 billion
Now (est.): $6.9 billion
Increase: $2.9 billion

Total

10 years ago: $4.9 billion
Now (est.): $16.6 billion
Increase: $11.7 billion

Source: US Office of Education

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