According to the U.S. Bureau of Labor Statistics, prices for college tuition and fees were 150.55% higher in 2018 versus 2000.
Between 2000 and 2018: College tuition experienced an average inflation rate of 5.24% per year. This rate of change indicates significant inflation. In other words, college tuition costing $20,000 in the year 2000 would cost $50,109.68 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.07% 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 2000-2018 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: