2016 Financial Condition Report

For Fiscal Year Ended March 31, 2016

Higher Education

2016 Financial Condition Report
For Fiscal Year Ended March 31, 2016

  • In calendar year 2015,* New York State higher education institutions had the following students in degree-credit enrollments:
    • 875,688 full-time
    • 371,629 part-time.
  • The State has a higher proportion of private colleges than most states, with 195 independent and proprietary colleges accounting for over 44 percent of statewide full-time equivalent (FTE) enrollment.
Full-Time Equivalent Enrollment - New York State.
  • In the 2015-16 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, $7,980 ($4,820 for two-year colleges); and
    • CUNY, $6,590 ($4,938 for two-year colleges).
Average Published Tuition and Fees - New York State
  • In the 2014-15 academic year, nearly 370,000 students received State Tuition Assistance Program (TAP) awards, totaling $975 million.
  • In State Fiscal Year 2015-16, the State spent $282 per resident on higher education, ranking 17th in the nation for higher education spending per capita.
  • In 2014, 61 percent of college graduates in the State left school with debt, which is the same share as in 2010. By comparison, the national average was also 61 percent in 2014, which is up from 58 percent in 2010.
Average Debt of College Graduates

*Most recent available year.