## How much will it cost your children to go to University of Notre Dame?

##### If you are a Freshman at University of Notre Dame today, your child could pay an estimated \$332K to \$370K for tuition and fees, in today’s dollars, to attend the same school. That's an increase of \$160K compared to the cost today.

Estimate 1 is based on the school's average tuition increase over the last 10 years.

Estimate 2 is based on the school's average tuition increase over the last 3 years.

## Projected Tuition & Fees Over Time

##### If you are a Freshman today, your child will pay \$83K to \$93K / year, in today’s dollars, to attend University of Notre Dame.

Estimate 1 is based on the school's average tuition increase over the last 10 years.

Estimate 2 is based on the school's average tuition increase over the last 3 years.

## How did we run the numbers?

• Step 1: Look at nominal tuition and mandatory fees for each school, as reported by IPEDS. This includes data through the 2017-18 academic year.
• Step 2: Adjust historical tuition + fees for 2019 dollars. Multiply nominal data by inflation factor. Specifically, anchor on 2019, look at Bureau of Labor Statistics data on what a dollar in 2018 is worth in 2019, for example. Repeat the process for all previous years.
• Step 3: Now that you have inflation adjusted tuition + fees, calculate the compound annual growth rate (CAGR) over the past 10 years. Mechanically, the formula is (Final Year Tuition / First Year Tuition)^(1/10)-1. You can also do this over a 3 year period.
• Step 4: Project future costs. We've already adjusted for inflation in the previous step, so the formula is (2019 tuition + fees) X (1 + Inflation Adjusted CAGR)^(t years in the future).