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That's really not true. Where I went to college has gone from $14,000 to $38,240 in the past 22 years. Inflation would have predicted it be $24,130. That's a
by wheels 4y ago
That's really not true. Where I went to college has gone from $14,000 to $38,240 in the past 22 years. Inflation would have predicted it be $24,130. That's a private school that back then had a beautiful campus, good food, good wi-fi, a good website and good dorms. (Though, notably, food and dorms don't come out of tuition.)
The price increases are massive, across the board, and not obviously linked to quality of facilities. There's definitely something more than you're suggesting at work here.
- etempleton 4y agoI would be interested to know what they average net tuition price actually paid is. I suspect it is lower than the sticker price, though 38k is sadly low by today’s standards.
- wheels 4y agoThe average annual net price is $26,482, but it was also significantly below sticker price 22 years ago as well. $38k is not low for modern tuition (it's in fact well above average -- though almost exactly average for private liberal arts schools). I have the feeling that you're looking only at elite institutions. At the time I was in college, the place came in around #100 on the list of top liberal arts schools in the country, which while not especially shabby, also wasn't in any way elite. In comparison, the one elite university that I'd applied to back then was $36k/year for tuition, and is now $59k/year. Surprisingly, its tuition has grown at a slower rate.