For international tuition, students are required to pay three times more than domestic students.

While the university revenues jumped to 12.8%, nearing $46.3 billion, at the same time, expenses fell 3.8%, to $39bilion.

Tuition costs do however vary from program to program, as well as from university to university.

Over the past decade, tuition revenues have become more important to universities, increasing the total revenues from 21.5% to 28.8%.