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> If you go back in time just a few decades, this is how it was: you paid for it, either in cash or with a PRIVATE loan, and people didn't see college as an aut
by Figs 2y ago
> If you go back in time just a few decades, this is how it was: you paid for it, either in cash or with a PRIVATE loan, and people didn't see college as an automatic requirement. Then it was 1/10th as expensive.
...if you go back in time a few decades basically everything was about 1/10th as expensive.
e.g. "Adjusted for inflation, $1.00 in 1960 is equal to $10.43 in 2024" according to https://www.dollartimes.com/inflation/inflation.php?amount=1&year=1960 https://www.dollartimes.com/inflation/inflation.php?amount=1...
- mminer237 2y agoTuition is like 3–5 times the price even adjusted for inflation though
- baq 2y agoCosts ballooned in real terms.
- mportela 2y agoSure, but education (and healthcare) costs grew much faster than the inflation. "The average annual cost of tuition at a public 4-year college is 40 times higher than tuition in 1963. (...) After adjusting for currency inflation, college tuition has increased 197.4% since 1963." https://educationdata.org/college-tuition-inflation-rate https://educationdata.org/college-tuition-inflation-rate