1. TRENDS IN HIGHER EDUCATION SERIES Trends in College Pricing 2009

2. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges. Average Estimated Undergraduate Budgets, 2009-10 (Enrollment-Weighted)

3. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Average Published Charges for Undergraduates by Type and Control of Institution, 2009-10 (Enrollment-Weighted) Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

4. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Average Published Charges for Undergraduates by Carnegie Classification, 2009-10 (Enrollment-Weighted) Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

5. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Distribution of Full-Time Undergraduates at Four-Year Institutions by Published Tuition and Fees, 2009-10 Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

6. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Distribution of Full-Time Undergraduates at Public Four-Year Institutions by Published Tuition and Fees, 2009-10 Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

7. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Distribution of Full-Time Undergraduates at Private Four- Year Institutions by Published Tuition and Fees, 2009-10 Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

8. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Distribution of Full-Time Undergraduates at Public and Private Not-for-Profit Four-Year Institutions by Percentage Increase in Published Tuition and Fees, 2009-10 Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

9. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Distribution of Full-Time Undergraduates at Public and Private Not-for-Profit Four-Year Institutions by Dollar Increase in Published Tuition and Fees, 2009-10 Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

10. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Average Annual Percentage Increase in Inflation-Adjusted Published Prices by Decade, 1979-80 to 2009-10 Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

11. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Inflation-Adjusted Published Tuition and Fees, 1979-80 to 2009-10 (1979-80=100) Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

12. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Public Two-Year Colleges: Average Tuition and Fee and Room and Board (TFRB) Charges by College Board Region, in Constant 2009 Dollars, 1999-2000 and 2009-10 (Enrollment-Weighted) Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

13. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Public Four-Year Colleges: Average Tuition and Fee and Room and Board (TFRB) Charges by College Board Region, in Constant 2009 Dollars, 1999-2000 and 2009-10 (Enrollment-Weighted) Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

14. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Private Four-Year Colleges: Average Tuition and Fee and Room and Board (TFRB) Charges by College Board Region and Sector, in Constant 2009 Dollars, 1999-2000 and 2009-10 (Enrollment-Weighted) Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

15. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Net Price: Published Tuition and Fees, Net Tuition and Fees, and Room and Board in Constant 2009 Dollars, Full-Time Undergraduate Students 1994-95, 1999-2000, 2004-05 and 2009-10 Source: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges.

16. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Net Price by Income Group: Public Two-Year Colleges Net Tuition and Fees, Net Room and Board and Other Costs, and Total Grants in Constant 2007 Dollars, Full-Time Dependent Students 1992-93, 1995-96, 1999-2000, 2003-04 and 2007-08 Sources: The College Board, Trends in College Pricing 2009; NCES, NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2007.

17. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Net Price by Income Group: Public Four-Year Colleges Net Tuition and Fees, Net Room and Board and Other Costs, and Total Grants in Constant 2007 Dollars, Full-Time Dependent Students 1992-93, 1995-96, 1999-2000, 2003-04 and 2007-08 Sources: The College Board, Trends in College Pricing 2009; NCES, NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2007.

18. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Net Price by Income: Private Four-Year Colleges Net Tuition and Fees, Net Room and Board and Other Costs, and Total Grants in Constant 2007 Dollars by Income Group, Full-Time Dependent Students 1992-93, 1995-96, 1999-2000, 2003-04 and 2007-08 Sources: The College Board, Trends in College Pricing 2009; NCES, NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2007.

19. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Net Price by Income Group: For-Profit Institutions Net Tuition and Fees, Net Room and Board and Other Costs, and Total Grants in Constant 2007 Dollars, Full-Time Dependent Students 1992-93, 1995-96, 1999-2000, 2003-04 and 2007-08 Sources: The College Board, Trends in College Pricing 2009; NCES, NPSAS, 1993, 1996, 2000, 2004, 2008; U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement, 2007.

20. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Annual Percentage Changes in State Tax Appropriations for Higher Education per Full-Time Equivalent (FTE) Student and in Tuition and Fees at Public Four-Year Institutions in Constant 2008 Dollars, 1978-79 to 2008-09 Sources: The College Board, Trends in College Pricing 2009; Annual Survey of Colleges; Illinois State University, Grapevine reports; NCES, Digest of Education Statistics 2008, Table 219.

21. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING State Tax Appropriations for Higher Education: Total Appropriations in Constant 2008 Dollars (in Millions), Appropriations per Public FTE Student in Constant 2008 Dollars, and Public FTE Enrollment (in Thousands), 1971-72 to 2008-09 Sources: The College Board, Trends in College Pricing 2009; Illinois State University, Grapevine reports; NCES, Digest of Education Statistics 2008, Table 219.

22. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING State Tax Appropriations for Higher Education per $1,000 Personal Income, 1989-90 to 2008-09 Sources: The College Board, Trends in College Pricing; 2009; Illinois State University, Grapevine reports

23. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Endowment Assets per Full-Time Equivalent (FTE) Student at Private Four-Year Colleges and Universities by Decile and Carnegie Classification, FY08 Sources: The College Board, Trends in College Pricing 2009; National Association of College and University Business Officers (NACUBO) Endowment Study; NCES, IPEDS; calculations by the authors. Data are from NACUBO where available.

24. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Endowment Assets per Full-Time Equivalent (FTE) Student at Four-Year Colleges and Universities by Decile and Carnegie Classification, FY08 Sources: The College Board, Trends in College Pricing 2009; National Association of College and University Business Officers (NACUBO) Endowment Study; NCES, IPEDS; calculations by the authors. Data are from NACUBO where available.

25. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Inflation-Adjusted Endowment Assets per FTE Student at Private Not-for-Profit Four-Year Colleges and Universities Relative to FY2000, FY2000 to FY2008 Sources: The College Board, Trends in College Pricing 2009; NACUBO Endowment Study; Commonfund Institute; NCES, IPEDS; calculations by the authors. Data are from NACUBO and Commonfund Institute where available.

26. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Percentage Growth in Mean Family Income by Quintile in Constant 2008 Dollars, 1978–1988, 1988–1998, and 1998–2008 Sources: The College Board, Trends in College Pricing 2009; U.S. Census Bureau, Current Population Survey, Table F-1, Table F-3, and FINC-01.

27. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Median Family Income by Selected Characteristics, 2008 Sources: The College Board, Trends in College Pricing 2009; U.S. Census Bureau, Current Population Survey, Table F-1, Table F-3, and FINC-01

28. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Distribution of Undergraduate Enrollment by Sector, Fall 1990, Fall 2000 and Fall 2007 Sources: The College Board, Trends in College Pricing 2009; NCES, unpublished data provided by IPEDS staff.

29. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Distribution of Full-time Undergraduate Enrollment by Sector, Fall 1990, Fall 2000 and Fall 2007 Sources: The College Board, Trends in College Pricing 2009; NCES, unpublished data provided by IPEDS staff.

30. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Total Undergraduate Enrollment by Attendance Status, Fall 1990, Fall 2000 and Fall 2007 Sources: The College Board, Trends in College Pricing 2009; NCES, unpublished data provided by IPEDS staff.

31. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Average Salary of Full-Time Instructional Faculty on Nine-Month Contracts in Degree-Granting Institutions and of Individuals 25 or Older with Professional Degrees, in Constant 2007 Dollars, 1991-92 to 2007-08 Sources: The College Board, Trends in College Pricing 2009; NCES, Digest of Education Statistics 2008, Table 257; U.S. Census Bureau, Historical Income Tables, P-18.

32. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Average Salary and Fringe Benefits for All Faculty in Constant 2007-08 Dollars, Selected Academic Years, 1979-80 to 2007-08 Sources: The College Board, Trends in College Pricing 2009; NCES, The Condition of Education 2009, Table A-43-1.

33. TRENDS IN HIGHER EDUCATION SERIES 2009 TRENDS IN COLLEGE PRICING Full-Time Equivalent (FTE) Faculty and Staff per FTE Student at Degree-Granting Institutions: Fall 1976, Fall 1997 and Fall 2007 Sources: The College Board, Trends in College Pricing 2009; NCES, Digest of Education Statistics 2008, Table 244.