Average Tuition-Discount Rates at Private Nonprofit Colleges, 2006-7 to 2017-18

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 2017-18, discounts came just shy of covering half of college costs for tuition and fees for first-time, full-time freshmen, and more than 40 percent of costs for all undergraduates.

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Note: Tuition-discount rates indicate what percentage of an institution’s gross revenue from tuition and fees is given back to first-time, full-time freshmen, or other groups of students, in the form of scholarships and grants. Data are as of the fall of each academic year. Figures for 2017-18 are based on reports from more than 400 colleges. During that academic year, an estimated 88.7 percent of freshmen and 79.5 percent of all undergraduates received grant aid. More data are available here.