According to the U.S. Bureau of Labor Statistics, prices for college tuition and fees were 147.66% higher in 2017 versus 2000.
Between 2000 and 2017: College tuition experienced an average inflation rate of 5.48% per year. This rate of change indicates significant inflation. In other words, college tuition costing $20,000 in the year 2000 would cost $49,532.13 in 2017 for an equivalent purchase. Compared to the overall inflation rate of 2.10% during this same period, inflation for college tuition was similar.
In the year 2000: Pricing changed by 4.13%, below the average yearly change for college tuition during the 2000-2017 time period. Compared to inflation for all items in 2000 (3.38%), price inflation for college tuition was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for College tuition and fees: