The U.S. News & World Report featured Hanover’s Chief Content Officer, Anil Prahlad, in its article “In-State Tuition Increases Sharply at Some Public Schools.” Hanover provided expert insight on drivers of tuition pricing across the country. An excerpt of the article can be found below:
Most colleges and universities raise their sticker price every year, but a few state institutions have made more drastic increases recently.
“When it comes to public institutions, they have lower tuition levels and have more room to increase than private institutions,” says Anil Prahlad, chief content officer at Hanover Research, a firm specializing in higher education market research.
U.S. News data show that among National Universities, tuition and fees have soared the most for in-state students over the last 10 years. The average in-state tuition and fees at public schools increased from $6,468 in the 2007-2008 academic year to $10,691 in 2017-2018 – a 65 percent jump, according to data reported by 300 ranked National Universities in an annual survey.
Some state schools are continuing to raise prices at much higher rates to offset state budget cuts or through revenue spending to grow their brand names, says Prahlad.