The ongoing inflation of the higher education bubble

Stefanie Botelho's picture
Tuesday, April 8, 2014

How much has the average cost of attending college at four-year degree-granting institution in the U.S. risen since the 1969-1970 school year?

For an American student who enrolled in a four-year college in the fall of 1969, the average they paid for their tuition, required fees, room and board totaled $754, which when we adjust for inflation in terms of constant 2011 U.S. dollars, works out to be the near modern day equivalent of $4,619.

But a student enrolling in the same kind of institution in the fall of 2011 for the 2011-2012 school year would pay $13,608. Nearly three times as much.

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