Enrollment in US colleges and universities has sharply declined over the last decade, but does that mean schools are seeing less revenue from tuition?
A new report from MyElearningWorld.com found that even though college enrollment has dropped by a whopping 14.4% since 2013, colleges and universities are still raking in 5.6% more in tuition revenue from students.
Other Interesting Data:
- College enrollment is down 2.9 million students over the last decade
- Total annual revenue for US colleges from tuition and fees has increased by at least $15.2 billion over the last decade
- In 2023, community college tuition only rose a bit to $4,014 per year, for a total of $18.8 billion in tuition revenue (4.67 million students). It’s worth noting that two-year colleges are the only type of school to lose tuition revenue over the last decade.
- In 2023, public university tuition at four-year schools rose to $11,378 per year, for a total of at least $86.5 billion in tuition revenue (7.6 million students).
- In 2023, tuition for four-year private universities increased to $40,976 per year, for a total of $181.1 billion in tuition revenue (4.4. million students).
You can view the methodology, stats on college enrollment by year, as well as data visualizations here: https://myelearningworld.com/college-enrollment-tuition-revenue-2023/
