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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.
Consumer price indexes for tuition and school-related items
Month
All items
College tuition and fees
Technical and business school tuition and fees
Elementary and high school tuition and fees
Day care and preschool
College textbooks
Housing at school, excluding board
Feb 2020
100.0
100.0
100.0
100.0
100.0
100.0
100.0
Mar 2020
99.8
100.0
100.1
100.1
100.1
100.1
100.0
Apr 2020
99.1
99.9
100.7
100.3
100.1
101.1
100.0
May 2020
99.1
99.9
100.7
100.7
100.1
101.1
100.0
Jun 2020
99.7
100.0
101.3
100.5
100.5
100.8
100.1
Jul 2020
100.2
100.3
102.0
100.6
100.7
101.3
100.3
Aug 2020
100.5
100.6
101.9
101.6
100.8
102.1
100.8
Sep 2020
100.6
100.6
101.6
102.4
101.1
101.8
101.8
Oct 2020
100.7
100.7
102.3
102.4
101.2
101.7
102.1
Nov 2020
100.6
100.7
102.3
102.3
101.2
101.3
102.1
Dec 2020
100.7
100.7
102.2
102.3
101.3
102.0
102.1
Jan 2021
101.1
100.4
102.4
102.3
101.5
101.8
102.1
Feb 2021
101.7
100.4
102.2
102.3
101.7
103.3
102.1
Mar 2021
102.4
100.3
101.9
102.4
100.9
100.9
102.1
Apr 2021
103.2
100.2
102.2
102.5
101.2
101.9
102.1
May 2021
104.1
100.3
102.1
103.2
101.7
102.4
102.2
Jun 2021
105.0
100.4
102.3
103.5
102.0
102.6
102.2
Jul 2021
105.5
100.5
103.2
104.1
102.3
103.3
102.5
Aug 2021
105.8
101.4
103.5
104.8
102.5
102.2
103.3
Sep 2021
106.0
102.4
103.2
104.9
103.6
101.9
103.9
Oct 2021
106.9
102.5
103.6
104.8
103.9
102.0
104.0
Nov 2021
107.4
102.5
103.5
104.9
104.0
101.1
103.9
Dec 2021
107.8
102.4
103.4
104.7
104.0
101.1
103.9
Jan 2022
108.7
102.3
103.0
104.7
104.2
104.4
103.8
Feb 2022
109.7
102.4
103.0
104.7
104.6
104.0
103.8
Mar 2022
111.1
102.4
102.6
104.8
104.5
104.7
103.8
Apr 2022
111.8
102.4
102.9
104.8
104.9
105.0
103.8
May 2022
113.0
102.4
103.2
106.2
105.0
107.7
103.8
Jun 2022
114.5
102.6
103.5
106.7
105.8
107.7
103.9
Jul 2022
114.5
102.9
103.8
107.4
105.6
107.7
104.7
Aug 2022
114.5
104.2
104.7
108.1
106.2
107.6
106.0
Sep 2022
114.7
104.5
104.6
108.6
108.9
107.3
106.6
Oct 2022
115.2
104.6
104.8
108.5
109.0
107.4
106.7
Nov 2022
115.1
104.6
104.6
108.6
109.4
107.3
106.8
Dec 2022
114.7
104.8
104.9
108.6
109.7
107.5
106.9
Jan 2023
115.7
104.7
105.2
108.6
110.3
107.2
106.9
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.
United States Department of Labor
