As a result of the COVID-19 pandemic, public higher education institutions are navigating state budget cuts and unstable enrollments in a still evolving economic environment. College affordability has become a heightened concern for many as the coronavirus pandemic disrupts personal finances.
For fall 2019, nearly 90 percent of the undergraduate, resident full-time students received financial aid – grants or scholarships that did not have to be repaid. For these students, their average net price for tuition and fees was $1,438 — $4,933 less than the sticker price (a 77% discount).
Full-time rates for undergraduate students reflect only a one percent increase for resident students and a two percent increase for non-resident students. This results in a modest per semester increase of $62 for resident students and $307 for non-resident students over the previous year.