**GAO-08-245**                      Published: Nov 28, 2007. Publicly Released: Dec 21, 2007.                  

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## Highlights

Higher education has increasingly become critical to our nation's cultural, social, and economic well-being, with 90 percent of the fastest-growing jobs in the knowledge economy requiring some postsecondary education. While a college graduate can expect to earn, on average, approximately $1 million more over the course of his or her working life than those with a high school diploma, most students and their families can expect to pay more on average for college than they did just a year ago. Moreover, many are concerned that the increases in the cost of college may be discouraging large numbers of individuals, particularly minority and low-income individuals, from pursuing higher education. The topic of college affordability continues to be an issue of great concern. Various policymakers, national associations, and philanthropic foundations have documented the growth in college tuition and its potentially adverse effects on access to higher education and rates of degree completion. Recent years have witnessed the introduction of many federal-, state-, and institution-level initiatives aimed at curbing tuition increases, yet tuition continues to rise. Congress asked GAO to provide information on trends in higher education enrollments, tuition and fees, and institutional expenditures on education- related services that students receive by addressing the following questions: (1) What have been the patterns in college enrollment over the past decade and do these patterns differ by race? (2) What have been the patterns in the types of schools students attend and do these patterns differ by race? (3) How much have tuition and fees increased over the past decade across different types of higher education institutions? (4) To what extent have increases in tuition and fees been associated with increases in spending by institutions on education?

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## Topics

Education

Colleges and universitiesCost controlEducation or training costsFeesFinancial managementGraduate educationHigher educationMinoritiesMinority educationSchools