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$11,950
Average public four‑year in‑state tuition and fees
$45,000
Average private nonprofit four‑year tuition and fees
$21,832
Average total cost (tuition + fees + room + board) at public four‑year schools
Our people deserve better
Tuition and fees have more than tripled since the 1960s: Inflation‑adjusted tuition rose from $4,939 in 1963 to $14,690 in 2022.
Total cost of attendance has more than doubled: Room, board, tuition, and fees together increased from $12,130 in 1963 to just under $28,000 in 2022
Public four‑year colleges saw the steepest recent increases: From 2000 to 2022, average annual costs jumped from ~$13,000 to just over $20,000
U.S. Student Debt is expanding
total student loan debt: $1.81 trillion
total federal student loan debt: $1.67 trillion
number of federal student loan borrowers: 42.3 million
share of U.S. adults who have taken out a student loan: 30%
share of adults with postsecondary education who are currently in debt: 40%
average federal student loan balance: $39,375
portion of borrowers over age 35: 52%
portion of borrowers over age 50: 20%
student debt as share of U.S. household liabilities: 9%
borrowers currently up to date on repayment: 38%.