Parents paying the full cost of Ivy League tuition bills are getting a little relief — and they can thank inflation.
The cost to attend an elite school in the upcoming academic year is poised to fall by an average of about 5%, when adjusted for the rate of price increases in the broader economy, according to a Bloomberg analysis of tuition data. That’s the biggest drop in at least a dozen years.
The decline is being driven by a quirk of the economy: Sticker prices at schools are rising less than the general rate of inflation. The eight Ivies, as well as Stanford University and MIT, are planning to raise tuition an average of 3.3% for the 2022-2023 school year. By contrast, inflation is running at 8.5%.
