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2018 Financial Condition Report For Fiscal Year Ended March 31, 2018
In academic year 2017-18, New York State public and private higher education institutions had the following students in degree-credit enrollments:
875,468 full-time; and
360,509 part-time.
The State has a higher proportion of private colleges than most states, with 241 independent and proprietary college campuses accounting for over 44 percent of statewide full-time equivalent (FTE) enrollment.
In the 2017-18 academic year, average costs of tuition and fees for full-time, in-state students for the State University of New York (SUNY) and the City University of New York (CUNY) were the following:
SUNY, $8,310 ($5,240 for two-year colleges); and
CUNY, $6,850 ($5,120 for two-year colleges).
In the 2016-17 academic year, 336,213 students received State Tuition Assistance Program (TAP) awards, totaling $917 million.
In SFY 2017-18, the State spent $295 per resident on higher education, ranking 18th in the nation for higher education spending per capita.
According to the Federal Reserve, in 2016, student loan borrowers in the State had an average balance of $31,600, an increase of 20.6 percent from $26,200 in 2011. By comparison, national student loan borrowers had an average balance of $29,900 in 2016, up 25.1 percent from $23,900 in 2011.
