College tuition and fees up 4.7 percent since February 2020
MARCH 08, 2023
Decision time! It’s Spring and, if you’re a student, you may be deciding where to go to school next year. If you’re a parent, you may be helping your kids with that decision or picking a day care or preschool for your children. For many, cost plays an important role in these decisions. Prices for college tuition and fees increased 4.7 percent from February 2020 to February 2023. This increase was less than the increase of 15.7 percent in prices for all items over the same period. From February 2020 to February 2023, prices for technical and business school tuition and fees rose 5.2 percent.
From February 2020 to February 2023, prices for private elementary and high school tuition and fees rose 8.6 percent while prices for day care and preschool rose 10.3 percent. These increases were larger than the increases in prices for college tuition and fees and for technical and business school tuition and fees but less than the increase in prices for all items.
These data are from the Consumer Price Index program and are not seasonally adjusted. For more consumer price data, see “Consumer Price Index — January 2023.” Also see more charts on consumer prices.