How much do universities spend per student?

SOURCE: U.S. Department of Education, National Center for Education Statistics, Biennial Survey of Education in the United States; Opening Fall Enrollment in Higher Education, 1963 through 1965; Higher Education General Information Survey (HEGIS), “Fall Enrollment in Colleges and Universities” surveys, 1966 through 1985; Integrated Postsecondary Education Data System (IPEDS), “Fall Enrollment Survey” (IPEDS-EF:86-99); IPEDS Spring 2001 through Spring 2018, Fall Enrollment component; and Enrollment in Degree-Granting Institutions Projection Model, 2000 through 2028.

Instructional expenditures divided by the number of FTE students (undergraduates and graduate students) (http://nces.ed.gov/ipeds/glossary/index.asp?id=854). Instructional expenditures are included in the IPEDS Finance component and FTE enrollment is included in the IPEDS 12-Month Enrollment component. This metric includes graduate students.