Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

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.

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.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, College tuition and fees up 4.7 percent since February 2020 at https://www.bls.gov/opub/ted/2023/college-tuition-and-fees-up-4-7-percent-since-february-2020.htm (visited April 17, 2024).

OF INTEREST
spotlight
Recent editions of Spotlight on Statistics


triangle