While surveys indicate that many Americans believe college costs are continuously rising, research reveals that, on average, the cost of attending college has actually declined over the last decade. The cost to attend public universities dropped by 21% since the 2014-15 academic year when adjusted for inflation. Private institutions experienced a 12% decrease in inflation-adjusted costs. Misconceptions arise from misleading sticker prices versus the true financial aid-adjusted net prices students pay, leading to a skewed public perception.
Despite the perception of rising costs, the actual spending on college education in the U.S. has decreased over the past decade, offering a different perspective.
The cost of attending public universities in the U.S. has fallen by 21 percent since the 2014-15 academic year when accounting for inflation.
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