Comment by Figs
1 day 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...
Sure, 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
Tuition is like 3–5 times the price even adjusted for inflation though
Costs ballooned in real terms.