The median published tuition increase will be 3.7% at the top 20 US colleges for the next academic year. Using the most recent Forbes top 20 ranking, the median sticker price for undergraduate tuition at the top 20 schools in the coming year will be $58,396.

Below are the percentage increases and tuition and fees for the 2022-23 academic year at each institution, along with links that provide more information. These prices do not include room and board, and in the case of public universities, the tuition rates below are for in-state students.

University of California, Berkeley 3.8%, $14,760

Yale University 3.8% $62,250

Princeton University 2.5%, $57,410

Stanford University 4.0%, $57,692

Columbia University 3.4%, 62,570

MIT 3.7%, $57,590

Harvard University 3.0%, $52,659

UCLA 4.1%, $13,804

US Pennsylvania 2.9%, $56,212

Northwestern University 3.5%, $62,391

Dartmouth College 2.9%, $60,687

Duke University 4.0%, $60,435

Cornell University 3.6%, $62,456

Vanderbilt University 1.8%, $57,974

University of California, San Diego 3.7%, $15,276

Amherst College 4.6%, $63,500

U. Southern California 5.0%, $63,468

Williams College 3.5%, $61,450

Pomona College 4.5%, $58,818

University of California, Davis 4.1%, $15,274

Tuition percentage increases ranged from a low of 1.8% at Vanderbilt to a high of 5.0% at the University of Southern California. The median increase was 3.7%. The lowest tuition price was $13,804 at UCLA; the highest was $63,500 at Amherst College.

For most institutions, the increases were larger than the past two years, when the Covid-19 pandemic led many colleges and universities to limit tuition increases as much as possible.

The tuition and fee increases shown for next year need to be placed in a broader context, involving several factors that help offset or partially reduce the impact of price increases.

First and most important, most students do not pay the listed price for tuition. According to the most recent National College Tuition Discount Study of 359 private, not-for-profit colleges and universities, the average institutional discount rate was 54.5% for full-time freshmen for the first time in 2020-2021. The average tuition reduction was 49% for all undergraduates. These two figures were records.

In other words, by distributing grants, scholarships, and scholarships from their own income, these colleges reduced about half of the income they would otherwise have received if all students had paid in full. published tuition fees. Among incoming undergraduates, almost 90% received some form of institutional financial aid.

At selective/highly selective institutions (defined as those offering admission to less than 51% of applicants and constituting most of the schools on the Forbes Top 20 list), the median institutional discount rate for undergraduates in 2021-22 was 44.8%, more than 13 percentage points lower than the median institutional discount rate for all institutions (58%).

Second, most of the top 20 institutions have in one way or another increased their financial aid for students from low- and middle-income families. For example, at Princeton University, admission is blind to need, and if a student is offered admission, Princeton will meet 100% of their demonstrated financial need with a grant.

Williams College recently announced that beginning next semester, its student financial aid programs will be made up entirely of grants, which will result in the elimination of loans, required on-campus jobs, and summer jobs from its offers of financial assistance. The new policy applies to current and future students.

Other schools have lowered family income thresholds for their financial aid programs to kick in. And at the University of California schools, a new tuition stability plan ensures that while college-wide tuition and fees will increase for each incoming undergraduate class, these Annual fees will be kept flat from the time of each cohort’s enrollment until they graduate, for up to six years.

Finally, while any tuition hike will obviously affect consumers, future price increases are relatively modest compared to the spring annual inflation rate, which for the 12 months ending April 2022 was 8 .3%.