Monday, January 14, 2013
College Tuition Increases Since 1985
From the NY Times Economix blog:
Here’s a chart showing price changes in these categories. The lines represent the price in a given year, as a percent of the price in 1985. For example, if a line reaches 200, that means prices in that year were 200 percent of those in 1985, or twice as high.
College tuition and fees today are 559 percent of their cost in 1985. In other words, they have nearly sextupled (while consumer prices have roughly doubled).
The tuition statistics are for public colleges. The blog attributes the greatest tuition increases to cuts in state funding.