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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Between 1987 and 2017, the cost of attending a public four-year college rose more than 200%.

For the 2024-2025 school year, Tufts’ estimates of expenses for undergraduate programs reaches nearly $96,000, trumping Wellesley — which comes in at about $92,000.

For the year strting this fall, Yale University comes in at almost $91,000, preceding Boston University with around $90,000 for the academic year.

https://www.cnn.com/2024/03/27/business/college-tuition-new-england-ninety-thousand/index.html

That is so effed up. [/quote]

It isn't. It is nearly exactly equal to the overall inflation rate. CPI in 1987 = 113. In 207 = 245.[/quote]

Adjusted for inflation, Wellesley's 1987 all-in costs of $14,980 equates to $41,640 (numbers rounded for simplicity's sake).

https://docs.google.com/spreadsheets/u/0/d/1pFJCJAWCsa5q1ZHrcrHmB8rOqH05nyai_QT8k-tx4Qw/htmlview?pli=1

https://www.amortization.org/inflation/amount.php?year=1987&amount=15000

How does $92,000 (Wellesley's all-in cost today) reflect the overall inflation rate?  It doesn't.

In the past 20 years, college tuition and fees have grown twice as fast as the CPI. CPI inflation was nearly 54% from September 2001-September 2021. Tuition inflation was 66%.*

Since 2000, college tuition has also grown more than the median household income and home price.  The 1980s (Reagan era) saw the biggest tuition hikes.

*[i]Sources:  Bureau of Labor Statistics, NCES, Federal Reserve Bank of St. Louis, Census Bureau.[/i][/quote]

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