The share of revenue from tuition and fees that went back to students in tuition discounts grew by more than 11 percentage points for first-time, full-time freshmen, and by nearly 10 percentage points for all undergraduates, during this period. By 2016-17, discounts came close to covering half of college costs for first-time, full-time freshmen, and more than 40 percent of costs for all undergraduates.
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