That Time Again: Back to College

  • The heatmap below outlines the undergraduate enrollment changes for public and private universities by state from the school year 2023-2024 to the school year 2024-2025. 
  • The states with the largest increase in enrollment in public and private universities were: Rhode Island at 20.00%, followed by Utah at 8.90% and Indiana at 7.0%. 
  • The states with the largest decrease in enrollment from public and private universities were: Idaho at -6.70%, followed by Alaska at -3.50% and Vermont at -2.20%. Note that Wyoming does not have available data. 

Cost of Tuition 

  • According to data from Collegeboard, the average cost for tuition and fees for public and private universities in 2024 dollars is outlined in the chart below from 1994 to 2025. 
  • The total tuition cost of a private nonprofit four year college was $43,350 for the school year 2024 to 2025, followed by public four year in state at $11,610 and public two year in district at $4,050. 

Breakdown of Costs 

  •  The next chart below outlines the total costs of undergraduates for the school year 2024 to 2025. 
  • A private nonprofit four-year on-campus student will pay an average of $62,990 a year. The largest components of that were: Tuition at $43,350, followed by Housing and food at $15,250.

How is the Job Market for Recent Grads? 

  • The unemployment rate for recent college graduates has trended downward for the last three months (from march 20205 to June 2025). 
  •  It has declined to 4.82% in June 2025, which is only 1.12% below the unemployment rate for young workers (aged 22-27) of 6.92%.  

Which Majors Have the Highest Unemployment Rate?  

  •  The major with the highest unemployment rate in 2023 was Anthropology at 8.4%, followed by Physics at 7.77% and Computer Engineering at 7.54%. 



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