According to the U.S. Bureau of Labor Statistics, prices for college tuition and fees were 0.05% higher in 2021 versus 2020 (a $10.09 difference in value).
Between 2020 and 2021: College tuition experienced an average inflation rate of 0.05% per year. In other words, college tuition costing $20,000 in the year 2020 would cost $20,010.09 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 2.45% during this same period, inflation for college tuition was lower.
In the year 2020: Pricing changed by 1.38%, which is above the average yearly change for college tuition during the 2020-2021 time period. Compared to inflation for all items in 2020 (1.23%), inflation for college tuition was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for College tuition and fees:
Below are calculations of equivalent buying power for College tuition, over time, for $20000 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|