Pandemic may have paused rising college costs – Report

The coronavirus pandemic has forced United States colleges and universities to close their campuses, move classes online and take on the responsibility of testing, quarantining and protecting students. Some have wondered if the pandemic would also force institutions to lower their prices, writes Abigail Hess for CNBC.

While experts have maintained that it is too soon to determine the long-term impacts of the pandemic on higher education, a new report suggests the pandemic may have, at least temporarily, paused rising college costs.

On Monday 26 October, the College Board released its annual Trends in College Pricing and Student Aid report which indicates that this year, college costs increased at the lowest rate in decades. According to the report, between the 2019-20 school year and the 2020-21 school year, the average tuition and fees paid by in-state students at public four-year institutions increased by 1.1%, while these costs increased by 2.1% for students at private non-profit four-year institutions, marking the lowest increase in 30 years.
Full report on the CNBC site