The cost of college has gone up 500% since 1985. Consumer price index, 121%

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Jun 19, 2021
2:32:41pm

EtTuKalante Intervention Needed

The cost of college has gone up 500% since 1985. Consumer price index, 121%

Does anyone really believe university education is better today than it was in 85?

Is college education really 379% better today than it was in 1985?

Here's a nice calculator for people who want to be shocked. Plug in the average costs from when you went to school, versus today.

Worst case, according to this calculator, $20,000 in 1977. $303,000 today.

Inflation Rate for College tuition between 1977-2021

This calculator uses the official Consumer Price Index for College tuition from the U.S. Bureau of Labor Statistics. College tuition costing $20,000 in 1977 would cost $303,179.62 in 2021.

https://www.in2013dollars.com/College-tuition-and-fees/price-inflation

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EtTuKalante

New username: KatnissEverCoug
Bio page: EtTuKalante
Joined: Oct 14, 2019
Last login: Sep 5, 2022
Total posts: 0 (0 FO)

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Messages

Author

Time

I have a relative who paid for a year of Harvard Law with his summer job.

Mrs Featerbottom

6/19/21 2:18pm

I graduated from law school 7ish years ago. I worked 2 years between undergrad

cougarfann888

6/19/21 2:21pm

BYU is the only good school that offers low cost tuition.

Mrs Featerbottom

6/19/21 2:24pm

I graduated 1998.

6/19/21 2:23pm

Well it's a good thing Harvard law grads have a median starting salary of 160k

SweetBabyG

6/19/21 2:23pm

Uncle Sam keeps providing money to academia...so they raise prices...even more.

EtTuKalante

6/19/21 2:24pm

You hit the nail on the head.

Mrs Featerbottom

6/19/21 2:25pm

The cost of college has gone up 500% since 1985. Consumer price index, 121%

EtTuKalante

6/19/21 2:32pm

A mix of correct statements and generalizations that don't hold.

SweetBabyG

6/19/21 2:32pm

I didn't make the inflation numbers. Nor the increase in university costs.

EtTuKalante

6/19/21 2:38pm

STEM profs are too busy doing actual work to worry about wresting control of the

novacoug1

6/19/21 2:38pm

Oh by the way, don't be the stem professor that chooses science over politics.

EtTuKalante

6/19/21 2:46pm

What has the ridiculous increase in student payments gone to fund?

No touching

6/19/21 2:38pm

Administrative staff, improved facilities, and increased services

novacoug1

6/19/21 2:47pm

I feel like my university is pretty reasonably priced. Just barely more than BYU

SweetBabyG

6/19/21 3:57pm

That is the point - the system is set up to funnel money to academia, who then

panacablue

6/19/21 2:28pm

There are degrees worth going into debt for. Harvard law is one them.

6/19/21 2:31pm

AMC has some shares left to help you out

gmoney7

6/19/21 2:32pm

Georgetown MBA - $30,448/semester $60,896/year

Saxa

6/19/21 2:34pm

As I’m researching MBAs the consensus nowadays seems to be M7 or nothing…

WP17

6/19/21 2:54pm

The calculation has changed. If you don’t get the ROI you want from it, don’t go. Easy.

6/19/21 2:34pm

It impedes social mobility pretty significantly

Mrs Featerbottom

6/19/21 2:38pm

This is a myth. Trades actually have a high starting salary and low debt

wildeone

6/19/21 2:45pm

Not being able to be a Harvard Law grad impedes social mobility?

6/19/21 2:55pm

This to me is why BYU and BYU-I are so important. Very affordable options to get

paulb

6/19/21 2:37pm

I got undergrad free and will not pay for grad school either.

WP17

6/19/21 2:51pm

Served 4 yrs. Got GI bill just before birth of first child, lifesaver, got deg.

rmsenior

6/19/21 3:14pm

Among neediest in the Nation, we should be subsidizing Harvard Law School Grads?

roseyscenario

6/19/21 4:15pm

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