Table of Contents
What did college cost in 1970?
Tuition at the average public 2-year institution increased from $178 to $355, an annual growth rate of 9.9%. Tuition at the average private 2-year institution increased 99.4%, from $1,034 to $2,062. The federal budget for postsecondary education amounted to $3.43 billion in 1970.
How much did a 4 year degree cost in 1980?
| Year and control of institution | Total tuition, room, and board | Board (7-day basis)1 |
|---|---|---|
| 1979–80 | 2,809 | 936 |
| 1980–81 | 3,101 | 1,020 |
| 1981–82 | 3,489 | 1,121 |
| 1982–83 | 3,877 | 1,235 |
When did the cost of college go up?
According to the Bureau of Labor Statistics, the highest year-over-year change in college tuition and fees was recorded in June 1982 at 14.2%— and over that same time period, overall inflation was up 6.6%.
How much was medical school in the 1960s?
In the 1960s, the four years of medical education needed to earn an M.D. in the United States could be had for about $40,000 in today’s dollars. The price is now $300,000, a 750% increase. About 70% of students take out loans to pay for medical school, graduating with an average of $200,000 in debt.
How much did college cost in 1975?
Today’s Average College Tuition Is 31x More Than It Was in 1969
| Average Cost of Four-Year College | ||
|---|---|---|
| Academic Year | Four-Year, Public | Four-Year, Private |
| 1974-1975 | $510 | $2,130 |
| 1975-1976 | $540 | $2,290 |
| 1976-1977 | $620 | $2,530 |
How much did college cost in 1940?
In 1940 the cost of tuition, room and board at Harvard was $924 and the minimum wage was 30 cents an hour. Today the cost of tuition, room and board, plus a required facilities fee of $625, is $12,100.
What was the tuition at the University of California in 1970?
1970: In a symbolic move away from free tuition for residents, students must now pay an additional “educational fee.” The fee is $150 per year for undergraduate students and $180 per year for graduate students. 1974: The state funds approximately 32 percent of the total UC budget.
How much did it cost to go to College in 1990?
Public college in-state tuition, fees, room and board: $9,560 1990 – 1991 academic year Private college tuition, fees, room and board: $26,050 Public college in-state tuition, fees, room and board: $9,800
What was the average salary of a teacher in 1970?
In 1970, teachers earned an average annual income of $8,626. Source : National Center for Education Statistics In 1971, public health nurses had an average starting salary of $7,540.
When did the government start tracking college tuition?
Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for College tuition and fees in 1977. In addition to college tuition, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.