Infographic figure

Growth in cost of public four-year college compared with growth of median family income, 1991–2018

Year Median income growth Net tuition, fees, room and board Total tuition, fees, room and board
1991 0.0% 0.0% 0.0%
1992 -0.7% 1.9% 2.9%
1993 -2.1% 4.2% 6.7%
1994 0.6% 7.5% 10.6%
1995 2.9% 10.6% 14.7%
1996 4.4% 8.2% 13.7%
1997 7.6% 11.0% 17.0%
1998 11.4% 10.2% 19.6%
1999 13.9% 8.2% 22.4%
2000 14.5% 9.1% 24.6%
2001 12.8% 8.6% 25.5%
2002 11.6% 12.4% 30.9%
2003 11.3% 19.1% 38.1%
2004 11.2% 27.3% 47.3%
2005 11.8% 34.1% 54.4%
2006 12.5% 39.8% 59.5%
2007 15.0% 42.3% 62.2%
2008 11.0% 46.3% 67.3%
2009 8.8% 40.3% 68.0%
2010 7.3% 42.3% 81.9%
2011 5.3% 47.7% 90.8%
2012 5.3% 59.2% 95.3%
2013 9.2% 65.5% 100.0%
2014 9.3% 67.7% 102.3%
2015 15.9% 70.2% 104.3%
2016 17.7% 77.4% 110.8%
2017 83.1% 115.3%
2018 86.5% 118.2%
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Economic Policy Institute

Notes: Net tuition, fees, room and board is total tuition, fees, room and board minus total grant aid and tax benefits. Median income for 2017 and 2018 has not been published yet.

Sources: College Board, Trends in College Pricing 2017, Table 7, and U.S. Census Bureau CPS Annual Social and Economic Supplements 2017, Table F-7

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