2018 Financial Condition Report

For Fiscal Year Ended March 31, 2018

Higher Education

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.
Full-Time Equivalent Enrollment - New York State
  • 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).
Average Published Tuition and Fees - New York State
  • 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.
Percent of Student Loan Borrowers that are 90+ Days Delinquent (and in default)