Key Takeaways
- In fall 2021, total enrollment in U.S. degree-granting postsecondary institutions was 15.9 million students, with undergraduates comprising 12.4 million
- Public 4-year institutions enrolled 5.1 million undergraduates in fall 2021, representing 41% of total undergraduate enrollment
- Private nonprofit 4-year colleges had 2.8 million undergraduates in fall 2021, accounting for 23% of total undergrads
- In 2021, White students were 52% of undergrad enrollment, totaling 6.5 million
- Asian/Pacific Islander undergrads numbered 1.0 million in fall 2021, 8% of total
- American Indian/Alaska Native students were 0.1 million undergrads, 1% in 2021
- Average published tuition and fees at public 4-year colleges was $10,740 for in-state students in 2022-23
- Out-of-state tuition at public 4-years averaged $28,239 in 2022-23
- Private nonprofit 4-year tuition averaged $39,400 in 2022-23
- 6-year graduation rate at public 4-year colleges was 64% for 2015 cohort
- Private nonprofit 4-year 6-year grad rate 68% for 2015 entrants
- Public 2-year 6-year completion rate 40% for 2015 cohort
- Median bachelor's degree holders earn $68,400 early career 2022
- Associate degree median earnings $52,300 annually 2022
- Unemployment rate for college grads 2.2% in 2023 vs 3.7% HS grads
Post-pandemic undergraduate enrollment has fallen sharply, especially at community colleges, despite high online participation.
Demographics
- In 2021, White students were 52% of undergrad enrollment, totaling 6.5 million
- Asian/Pacific Islander undergrads numbered 1.0 million in fall 2021, 8% of total
- American Indian/Alaska Native students were 0.1 million undergrads, 1% in 2021
- Women aged 18-24 enrolled at higher rates than men, 71% vs 65% in 2021
- Men comprised 42% of total postsecondary enrollment in 2021
- Age 25+ students were 38% of undergrads in 2021, 4.7 million
- Traditional age (18-24) undergrads were 7.7 million in 2021, 62%
- Low-income students (bottom quartile) enrollment rate was 45% for 18-24 year olds in 2021
- High-income students had 82% enrollment rate in 2021
- 34% of undergrads were independent students in 2021
- Married students were 12% of undergrads in 2021
- Student parents numbered 1.8 million undergrads in 2021
- LGBTQ+ students estimated at 20% of college population in 2021 surveys
- Veterans enrolled totaled 1.1 million postsecondary students in 2021
- Disability status: 20% of undergrads reported disabilities in 2021
- English language learners were 5% of undergrads, 0.6 million in 2021
- Rural students: 19% of undergrads from rural areas in 2021
- First-gen students: 46% of Pell recipients in 2021
- Black male enrollment rate for 18-24 was 29% in 2021
- Hispanic female enrollment highest at 52% for 18-24 in 2021
- Immigrant students: 15% of college enrollees in 2021
- Homeless students estimated at 1.5% of undergrads, 190,000 in 2021
- Foster care alumni in college: 4% of community college students
- Over age 50 enrollees: 0.9 million undergrads in 2021
- Transfer students: 37% of bachelor's recipients began at 2-year colleges
- Athletes: 7.8% of undergrads participated in NCAA sports in 2021
- Greek life members: 10% of students at 4-year colleges
- Commuter students: 64% of community college students in 2021
- In-state students at public 4-years: 80% of enrollment in 2021
- Women in STEM: 48% of STEM undergrads in 2021, up from 40% in 2010
Demographics Interpretation
Employment Outcomes
- Median bachelor's degree holders earn $68,400 early career 2022
- Associate degree median earnings $52,300 annually 2022
- Unemployment rate for college grads 2.2% in 2023 vs 3.7% HS grads
- 86% of bachelor's grads employed within 6 months 2022
- STEM grads earn 12% premium over non-STEM $75,000 median
- Business majors median salary $65,000 early career
- Engineering grads average $80,000 starting salary 2023
- Liberal arts grads $55,000 median 5 years post-grad
- Underemployment rate for recent grads 41% in 2022
- ROI top 100 colleges average 15% annual return
- HBCU grads median earnings $45,000 early career
- Women college grads earn 82% of men's earnings 10 years out
- Black college grads unemployment 5.5% vs 2.5% white 2023
- Lifetime earnings premium for bachelor's $2.8 million over HS
- Internships boost employment 20% for grads
- Graduate degree holders median $84,000 early career 2022
- Community college grads in high-demand fields 75% employed
- Long-term unemployed grads face 10% earnings penalty
- Top 10% colleges ROI $500k+ net present value
- Arts majors underemployment 60% one year post-grad
- Trade school vs college: similar earnings for some fields
- Alumni network strength correlates 0.6 with salary
- Pandemic increased grad unemployment to 12% peak 2020
- Location premium: NYC grads earn 20% more
- Online degree holders earnings 5% less than in-person
- Disability grads employment 65% vs 85% non-disabled
- Veteran grads unemployment 2.1% below civilians 2023
- Gig economy absorbs 25% underemployed grads
- Master's ROI highest in business 20% annual
- Community college vocational grads 80% placement rate
- Earnings mobility: bottom 20% to top 20% via college 12%
Employment Outcomes Interpretation
Enrollment Statistics
- In fall 2021, total enrollment in U.S. degree-granting postsecondary institutions was 15.9 million students, with undergraduates comprising 12.4 million
- Public 4-year institutions enrolled 5.1 million undergraduates in fall 2021, representing 41% of total undergraduate enrollment
- Private nonprofit 4-year colleges had 2.8 million undergraduates in fall 2021, accounting for 23% of total undergrads
- Community colleges saw 4.9 million undergraduates enrolled in fall 2021, making up 39% of all undergrads
- Full-time undergraduate enrollment dropped 12% from 2019 to 2021, reaching 8.2 million students
- Part-time undergrads numbered 4.2 million in fall 2021, up slightly from pre-pandemic levels
- First-time freshmen enrollment fell 8.5% in fall 2022 compared to 2021, totaling about 1.2 million
- Women comprised 58% of total postsecondary enrollment in fall 2021, equaling 9.2 million students
- Enrollment in associate's degree programs was 4.7 million in fall 2021
- Online enrollment surged to 4.5 million undergraduates in fall 2021, 36% of total undergrads
- Black students made up 13% of undergrad enrollment in fall 2021, totaling 1.6 million
- Hispanic/Latino enrollment reached 2.7 million undergrads in fall 2021, 22% of total
- In fall 2020, 75% of 18-24 year olds were enrolled in college, down from 80% in 2019
- STEM fields enrolled 3.2 million undergrads in fall 2021, 26% of total
- Business programs had 1.9 million undergrad enrollees in fall 2021
- Health professions enrollment was 1.6 million undergrads in fall 2021
- Enrollment at HBCUs was 277,000 undergrads in fall 2021
- For-profit institutions enrolled 0.6 million undergrads in fall 2021, down 20% from 2019
- Public 2-year colleges lost 1.1 million students from 2019 to 2021
- Fall 2022 freshman class at 4-year colleges was estimated at 1.37 million, up 2% from 2021
- Total graduate enrollment was 3.0 million in fall 2021
- Enrollment in master's programs was 2.1 million grad students in fall 2021
- Doctoral enrollment stood at 0.6 million in fall 2021
- International student enrollment recovered to 914,000 in 2021-22
- First-generation college students comprised 56% of enrollees in 2021
- Pell Grant recipients were 6.4 million undergrads in 2020-21, 46% of total
- Enrollment in online-only programs reached 2.8 million in fall 2021
- Rural college enrollment was 3.1 million undergrads in 2021
- Urban institutions enrolled 8.4 million students in fall 2021
- Suburban colleges had 4.4 million enrollees in fall 2021
Enrollment Statistics Interpretation
Graduation Rates
- 6-year graduation rate at public 4-year colleges was 64% for 2015 cohort
- Private nonprofit 4-year 6-year grad rate 68% for 2015 entrants
- Public 2-year 6-year completion rate 40% for 2015 cohort
- Overall 6-year grad rate for first-time full-time bachelor's seekers 66% in 2022 report
- 8-year grad rate at public universities 63% for 2014 cohort
- HBCU 6-year grad rate averaged 39% in 2020
- Ivy League schools have 95%+ 6-year graduation rates
- Retention rate year 1 to 2 at 4-year publics 76% in 2021
- Private 4-year retention 82% from fall 2021 cohort
- Community college 3-year grad rate 34% for full-time in 2019
- Black student 6-year grad rate 46% at public 4-years
- Hispanic 6-year rate 55% at publics
- Pell recipient grad rate 5-10% lower than non-Pell
- STEM majors have 5% higher grad rates than humanities
- Part-time student 6-year grad rate 28% vs 68% full-time
- First-gen grad rate 24% lower than continuing-gen
- Online program 6-year grad rate 49% vs 66% in-person
- Men's 6-year grad rate 60% vs women's 71% at 4-years
- Transfer student grad rates 10% higher at 4-years receiving them
- 150% normal time completion at 2-years 45% in 2020
- Elite publics like UC system 85% 4-year grad rate
- For-profit 4-year grad rate 29% in 6 years
- Stop-out rate 25% after first year nationally
- Graduation rates improved 5% from 2010 to 2020 cohorts
- Rural college 6-year grad rate 58% vs urban 65%
- Disability student grad rate 45% lower on average
- Adult learner (25+) 6-year rate 35% at 4-years
- Bachelor's degree attainment gap by race widened post-2020
- Community college to bachelor's transfer success 16% complete in 6 years
- Predictive analytics boosted grad rates 4% at pilot schools
- 43 million Americans have some college no degree in 2023
Graduation Rates Interpretation
Tuition and Fees
- Average published tuition and fees at public 4-year colleges was $10,740 for in-state students in 2022-23
- Out-of-state tuition at public 4-years averaged $28,239 in 2022-23
- Private nonprofit 4-year tuition averaged $39,400 in 2022-23
- Public 2-year in-district tuition was $3,860 on average in 2022-23
- Tuition at public 4-years rose 180% since 1980 after inflation
- Room and board at public 4-years cost $12,310 on-campus in 2022-23
- Books and supplies averaged $1,240 per year at 4-year colleges in 2022-23
- Net tuition after aid at public 4-years was $2,440 for in-state in 2021-22
- Private 4-year net price averaged $14,110 after aid in 2021-22
- Public 2-year net tuition was $0 after aid for lowest income in 2021-22
- Ivy League average tuition $50,000+ but net price $20k after aid
- State funding cuts led to 30% tuition hikes at publics since 2008
- Average sticker price at private colleges $55,000 including room/board 2022-23
- Community college tuition increased 6% nominally since 2010
- Public university tuition inflation 3.2% annually 2010-2022
- In-state tuition at flagship publics averaged $11,000 in 2022
- Private college tuition rose 4% in 2022-23
- Total cost of attendance at 4-year public $27,940 in-state 2022-23
- Off-campus room/board $12,870 average in 2022-23
- Tuition freeze in 20 states for public colleges in 2022
- Harvard tuition $56,550 but 55% pay less than $10k net
- Average tuition at HBCUs $12,500 public in 2022
- For-profit college tuition averaged $15,000 annually in 2021
- Net price for dependent students $14,270 average in 2019-20
- Tuition revenue as % of public univ budget 47% in 2020, up from 20% in 1990
- Pell-eligible pay 10% of sticker price after aid avg
- Public 4-year tuition/fees inflation-adjusted stable since 2019
- Private tuition inflation 1.2% real 2021-22
- Total student debt from tuition reached $1.7 trillion in 2023
Tuition and Fees Interpretation
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