Expenditure of colleges and universities U.S. 2020

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In the school year 2020-21, approximately 245 billion U.S. dollars were spent by private higher education institutions in the United States. In that same year, 417 billion U.S. dollars were spent by public higher education institutions.

Expenditure of public and private colleges and universities in the United States from 1970 to 2020 (in billion U.S. dollars)

Year	Public	Private
2020*	417	245
2019	420.19	235.54
2018	401.13	231.23
2017	386.71	218.9
2016	371.71	211.87
2015	354.78	204.69
2014	335.63	199.86
2013	323.89	193.17
2012	311.42	187.44
2011	305.54	182.55
2010	296.86	175.13
2009	281.39	165.09
2008	273.02	157.74
2007	261.05	147.44
2006	238.83	136.72
2005	226.55	127.03
2004	215.79	119.23
2003	205.07	111.68
2002	197.03	105.86
2001	183.44	97.28
2000	170.35	89.86
1999	152.32	84.46
1998	140.54	78.67
1997	132.85	76.01
1996	125.98	73.93
1995	119.53	70.95
1994	115.47	67.5
1993	109.31	64.04
1992	104.57	60.67
1991	98.85	57.34
1990	92.96	53.13
1989	85.77	48.89
1988	78.95	44.92
1987	72.64	41.15
1986	67.65	38.11
1985	63.19	34.34
1984	58.32	31.64
1983	53.09	28.91
1982	49.57	26.36
1981	46.22	24.12
1980	42.28	21.77
1979	37.77	19.15
1978	33.73	16.99
1977	30.73	15.25
1976	28.64	13.97
1975	26.18	12.72
1974	23.49	11.57
1973	20.34	10.38
1972	18.2	9.75
1971	16.48	9.08
1970	15	8.38

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Release date

April 2022

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Region

United States

Survey time period

1970 to 2020

Supplementary notes

*Estimated by the National Center for Education Statistics based on teacher and enrollment data, and actual expenditures for prior years.
Year presented here is a school year. e.g. 2013 represent school year 2013-2014.

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