Tuesday, December 10, 2013

College Costs Soar Since 1976

I went to MIT in the fall of 1976. Back then the cry was $3,500 is TDM (Too Dang Much) for tuition. Well, The US Education Department’s Digest of Education Statistics reports that between 1976-77 and 2007-08 average undergraduate tuition, fees, room and board increased from $7,914 to $15,665 after adjusting for
inflation (in 2006 dollars). In "current" dollars, that would rise from $2,275 to $16,245.




But that doesn't look like the $50,000 bills that most of the private colleges we're looking at are charging. For those schools like MIT/Stanford, you have to look in the not-for-profit 4 yr universities, and the figures there are $4,715 for 1976 to $40,640 for today, which seems about right. My father made about mid $20,000 working for Boeing with 7 kids back then, but were were able to pretty much get a free ride from MIT and Stanford.

I made about $25,000 starting out with a masters at Digital Equipment Hudson in summer 1981. Top end salaries these days run something like $65,000-85,000 per year for bachelors


Notes:

http://collegepuzzle.stanford.edu/?p=225

College Costs Soar Over Past Twenty YearsThe US Education Department’s Digest of Education Statistics reports that between 1976-77 and 2007-08 average undergraduate tuition, fees, room and board increased from $7,914 to $15,665 after adjusting for inflation. Federal financial aid did not come close to matching these cost increases over that period. Obama’s increases in Pell grants will help, but I suspect more students will opt for less expensive community colleges in the coming decade. - See more at: http://collegepuzzle.stanford.edu/?p=225#sthash.TaAMdrIY.dpuf


http://www.air.org/news/pr/DEStatPR.aspx

Between 1976–77 and 2007–08, average undergraduate tuition, fees, and room and board increased from $7,914 to $15,665, after adjusting for inflation (table 331).


full table http://nces.ed.gov/programs/digest/
here is the table, in constant 2006-07 dollars

http://nces.ed.gov/programs/digest/d08/tables/dt08_331.asp

Table 331.Average undergraduate tuition and fees and room and board rates charged for full-time students in degree-granting institutions, by type and control of institution: 2007–08
Year and control of institutionConstant 2006–07 dollarsCurrent dollars
Total tuition, room, and boardTotal tuition, room, and boardTuition and required fees (in-state for public institutions)Dormitory roomsBoard (7-day basis)1 
All insti- tutionsAll 4-year2-yearAll insti- tutions4-year institutions2-yearAll insti- tutions4-year institutions2-yearAll insti- tutions4-year institutions2-yearAll insti- tutions4-year institutions2-year
All 4-yearUniver- sitiesOther 4-yearAll 4-yearUniver- sitiesOther 4-yearAll 4-yearUniver- sitiesOther 4-yearAll 4-yearUniver- sitiesOther 4-year
123456789101112131415161718192021222324
All institutions
1976–77$7,914$8,963$5,558$2,275$2,577$2,647$2,527$1,598$924$1,218$1,210$1,223$346$603$611$649$584$503$748$748$788$719$750
1977–787,8578,8815,5522,4112,7252,7772,6851,7039841,2911,2691,305378645654691628525781780818752801
1978–797,7088,6945,4482,5872,9172,9672,8791,8281,0731,3971,3701,413411688696737667575826825860800842
1979–807,3868,3285,2052,8093,1673,2233,1241,9791,1631,5131,4841,530451751759803729628895895936865900
1980–817,3088,2475,2563,1013,4993,5353,4692,2301,2891,6791,6341,7055268368468818217059769751,0209431,000
1981–827,5698,5705,3703,4893,9514,0053,9082,4761,4571,9071,8601,9355909509611,0239197931,0831,0821,1211,0551,094
1982–838,0639,1645,6443,8774,4064,4664,3562,7131,6262,1392,0812,1736751,0641,0781,1501,0288731,1871,1891,2351,1551,165
1983–848,3589,5215,7254,1674,7474,7934,7122,8541,7832,3442,3002,3687301,1451,1621,2111,1309161,2391,2421,2821,2141,208
1984–858,8069,9606,1364,5635,1605,2365,1073,1791,9852,5672,5392,5838211,2671,2821,3431,2421,0581,3101,3111,3531,2821,301
1985–862 9,16410,3266,3164,8855,5045,5975,4413,3672,1812,7842,7702,7938881,3381,3551,4241,3091,1071,3651,3651,4031,3391,372
1986–879,55410,9456,0485,2065,9646,1245,8573,2952,3123,0423,0423,0428971,4051,4271,5011,3761,0341,4891,4951,5811,4391,364
1987–889,68211,0535,7505,4946,2726,3396,2263,2632,4583,2013,1683,2208091,4881,5161,5761,4781,0171,5491,5551,5961,5291,437
1988–899,88511,3286,0185,8696,7256,8016,6733,5732,6583,4723,4223,4999791,5751,6091,6651,5731,0851,6361,6441,7151,6011,509
1989–909,97911,5945,9566,2077,2127,3477,1203,7052,8393,8003,7653,8199781,6381,6751,7321,6381,1051,7301,7371,8501,6631,622
1990–9110,00211,5885,9916,5627,6027,7097,5283,9303,0164,0093,9584,0361,0871,7431,7821,8481,7401,1821,8021,8111,9031,7511,660
1991–9210,45312,1676,0447,0778,2388,3908,1424,0923,2864,3854,3684,3941,1891,8741,9211,9961,8751,2101,9181,9312,0261,8721,692
1992–9310,67412,5436,0267,4528,7588,9348,6484,2073,5174,7524,6654,7951,2761,9391,9912,1041,9261,2401,9962,0152,1651,9271,692
1993–9411,07312,9796,2117,9319,2969,4959,1864,4493,8275,1195,1045,1271,3992,0572,1112,1902,0681,3322,0472,0672,2011,9921,718
1994–9511,27213,2036,2888,3069,7289,8639,6464,6334,0445,3915,2875,4411,4882,1452,2002,2812,1551,3962,1162,1382,2952,0491,750
1995–9611,62813,6496,2438,80010,33010,56010,1954,7254,3385,7865,7335,8121,5222,2642,3182,4232,2601,4732,1992,2262,4042,1231,730
1996–9711,82613,9266,2889,20610,84111,03310,7264,8954,5646,1186,0556,1501,5432,3652,4222,5182,3681,5222,2762,3012,4602,2081,830
1997–9812,10114,2336,5539,58811,27711,38211,2055,1924,7556,3516,2326,4081,6952,4442,5072,5752,4691,5982,3892,4192,5762,3271,900
1998–9912,50014,7496,56410,07611,88812,12311,7525,2915,0136,7236,7136,7281,7252,5572,6262,7102,5781,6162,5062,5402,7002,4461,950
1999–200012,59414,8946,52110,44412,35212,61312,1985,4085,2387,0447,0267,0521,7212,6822,7492,8452,6951,7332,5242,5592,7412,4511,954
2000–0112,61315,0666,36510,81812,92213,17712,7755,4605,3777,3727,3607,3771,6982,8192,8932,9992,8331,7442,6222,6582,8182,5652,017
2001–0213,03715,6256,55011,38013,63913,94213,4685,7185,6467,7867,7887,7851,8002,9813,0603,1842,9921,8482,7532,7932,9702,6922,070
2002–0313,46716,1867,00812,01414,43914,82714,2336,2526,0028,3098,4068,2641,9033,1793,2633,3773,2012,0772,8322,8673,0442,7672,272
2003–0414,20917,0097,35512,95315,50516,09615,2056,7056,6089,0299,2688,9242,1743,3593,4483,5993,3682,2082,9863,0283,2302,9142,322
2004–0514,68717,5817,54713,79216,50917,21916,1647,0867,1229,70610,0519,5592,3383,5693,6613,8133,5822,3363,1003,1423,3553,0232,413
2005–0615,00717,8987,41814,62917,44718,22917,0757,2317,60110,27910,66610,1192,4173,8043,8994,0503,8212,3963,2243,2693,5133,1352,418
2006–0715,48318,4717,46615,48318,47119,30418,0857,4668,09210,93111,40410,7382,4964,0194,1164,2614,0412,5273,3723,4243,6403,3062,443
2007–083 15,66518,6707,37216,24519,36220,32018,9247,6458,50511,45912,01611,2352,5354,2084,3114,4864,2212,6273,5333,5923,8183,4682,483
Public institutions
1964–656,2094,1709501,05186763824329822499271291241178436462402361
1965–666,2894,2869831,105904670257327241109281304255194445474408367
1966–676,3634,4031,0261,171947710275360259121294321271213457490417376
1967–686,3874,7361,0641,199997789283366268144313337292243468496437402
1968–696,3935,0541,1171,2451,063883295377281170337359318278485509464435
1969–706,5015,1391,2031,3621,135951323427306178369395346308511540483465
1970–716,6145,1291,2871,4771,206998351478332187401431375338535568499473
1971–726,7325,3231,3571,5791,2631,073376526354192430463400366551590509515
1972–736,9535,7081,4581,6681,4601,197407566455233476500455398575602550566
1973–746,6425,5781,5171,7071,5061,274438581463274480505464409599621579591
1974–756,1615,2781,5631,7601,5581,339432599448277506527497424625634613638
1975–766,1325,1021,6661,9351,6571,386433642469245544573533442689720655699
1976–776,2226,7315,1841,7891,9352,0671,8271,491479617689564283582592614572465728727763692742
1977–786,1526,6425,1811,8882,0382,1701,9311,590512655736596306621631649616486755752785720797
1978–795,9416,3925,0391,9942,1452,2892,0271,691543688777622327655664689641527796793823764837
1979–805,6936,1204,7902,1652,3272,4872,1981,822583738840662355715725750703574867865898833893
1980–815,5936,0104,7772,3732,5502,7122,4212,027635804915722391799811827796642940936969904994
1981–825,7766,2274,8242,6632,8713,0792,7052,2247149091,0428134349099259708857031,0391,0361,0671,0061,086
1982–836,1256,6474,9702,9453,1963,4033,0322,3907981,0311,1649364731,0101,0301,0729937551,1361,1341,1671,1031,162
1983–846,3306,8855,0823,1563,4333,6283,2852,5348911,1481,2841,0525281,0871,1101,1311,0928011,1781,1751,2131,1411,205
1984–856,5787,1065,4183,4083,6823,8993,5182,8079711,2281,3861,1175841,1961,2171,2371,2009211,2411,2371,2761,2011,302
1985–862 6,7007,2385,5923,5713,8594,1463,6372,9811,0451,3181,5361,1576411,2421,2631,2901,2409601,2851,2781,3201,2401,380
1986–876,9837,5945,4853,8054,1384,4693,8912,9891,1061,4141,6511,2486601,3011,3231,3551,2959791,3981,4011,4641,3481,349
1987–887,1377,7595,4024,0504,4034,6194,2503,0661,2181,5371,7261,4077061,3781,4101,4101,4099431,4541,4561,4821,4341,417
1988–897,1997,8805,3614,2744,6784,9054,5263,1831,2851,6461,8461,5157301,4571,4961,4831,5069651,5331,5361,5761,5041,488
1989–907,2417,9995,3044,5044,9755,3244,7233,2991,3561,7802,0351,6087561,5131,5571,5611,5549621,6351,6381,7281,5611,581
1990–917,2517,9925,2864,7575,2435,5855,0043,4671,4541,8882,1591,7078241,6121,6571,6581,6551,0501,6911,6981,7671,6411,594
1991–927,5908,4095,3515,1385,6936,0505,4583,6231,6282,1172,4091,9319361,7311,7851,7891,7821,0741,7801,7921,8521,7451,612
1992–937,7048,6225,4415,3796,0206,4425,7403,7991,7822,3492,6042,1921,0251,7561,8161,8561,7871,1061,8411,8541,9821,7611,668
1993–947,9508,8875,5795,6946,3656,7106,1463,9961,9422,5372,8202,3601,1251,8731,9341,8971,9581,1901,8801,8951,9931,8281,681
1994–958,0969,0535,6145,9656,6707,0776,4094,1372,0572,6812,9772,4991,1921,9592,0231,9922,0441,2321,9491,9672,1081,8661,712
1995–968,2669,2675,5716,2567,0147,4486,7304,2172,1792,8483,1512,6601,2392,0572,1212,1042,1331,2972,0202,0452,1921,9371,681
1996–978,3889,4225,6576,5307,3347,7927,0354,4042,2712,9873,3232,7781,2762,1482,2142,1872,2321,3392,1112,1332,2822,0251,789
1997–988,5999,6855,6916,8137,6738,2107,3184,5092,3603,1103,4862,8771,3142,2252,3012,2852,3121,4012,2282,2632,4382,1301,795
1998–998,8179,9595,7127,1078,0278,6257,6314,6042,4303,2293,6402,9741,3272,3302,4092,4082,4101,4502,3472,3892,5762,2471,828
1999–20008,8149,9785,6917,3108,2758,9127,8524,7202,5063,3493,7683,0911,3382,4402,5192,5162,5211,5492,3642,4062,6282,2391,834
2000–018,84510,0895,6427,5868,6539,3218,2184,8392,5623,5013,9793,2081,3332,5692,6542,6572,6521,6002,4552,4992,6862,3581,906
2001–029,19010,5355,8858,0229,1969,9488,7155,1372,7003,7354,2733,4091,3802,7232,8162,8382,8011,7222,5982,6452,8372,5042,036
2002–039,53010,9716,2798,5029,78710,6049,2805,6012,9034,0464,6863,6681,4832,9303,0293,0233,0321,9542,6692,7122,8952,5802,164
2003–0410,14311,7096,5959,24710,67411,67910,0636,0123,3194,5875,3634,1411,7023,1063,2123,2323,1992,0892,8222,8753,0842,7242,221
2004–0510,50512,1686,7899,86411,42612,58810,7346,3753,6295,0275,9394,5121,8493,3043,4183,4273,4132,1742,9312,9813,2222,8092,353
2005–0610,72512,4216,66010,45412,10813,42411,3356,4923,8745,3516,3994,7651,9353,5453,6643,6543,6722,2513,0353,0933,3722,8992,306
2006–0711,04912,7976,81511,04912,79714,21511,9836,8154,1025,6666,8425,0202,0183,7573,8783,8753,8812,4073,1913,2533,4983,0832,390
2007–083 11,16412,9446,71711,57813,42414,91512,5776,9664,3075,9507,1715,2912,0633,9414,0724,0764,0692,4953,3293,4023,6693,2172,408
Private institutions
1964–6512,4649,5101,9072,2021,8101,4551,0881,2971,023702331390308289488515479464
1965–6612,8279,9612,0052,3161,8991,5571,1541,3691,086768356418330316495529483473
1966–6713,17210,4122,1242,4562,0071,6791,2331,4561,162845385452355347506548490487
1967–6813,23610,5772,2052,5452,1041,7621,2971,5341,237892392455366366516556501504
1968–6913,28410,7372,3212,6732,2371,8761,3831,6381,335956404463382391534572520529
1969–7013,67210,7702,5302,9202,4201,9931,5331,8091,4681,034436503409413561608543546
1970–7114,07010,8072,7383,1632,5992,1031,6841,9801,6031,109468542434434586641562560
1971–7214,47110,8442,9173,3752,7482,1861,8202,1331,7211,172494576454449603666573565
1972–7314,48710,8393,0383,5122,9342,2731,8982,2261,8461,221524622490457616664598595
1973–7413,85310,5523,1643,7173,0402,4101,9892,3751,9251,303533622502483642720613624
1974–7513,41310,2123,4034,0763,1562,5912,1172,6141,9541,367586691536564700771666660
1975–7613,4839,9793,6634,4673,3852,7112,2722,8812,0841,427636753583572755833718712
1976–7713,58613,83210,3333,9063,9774,7153,7142,9712,4672,5343,0512,3511,592649651783604607790791882759772
1977–7813,55313,82010,2604,1584,2405,0333,9673,1482,6242,7003,2402,5201,706698702850648631836838943800811
1978–7913,45313,73710,1014,5144,6095,4034,3273,3892,8672,9583,4872,7711,8317587619167047008898901,000851858
1979–8012,91713,1819,8644,9125,0135,8914,7003,7513,1303,2253,8113,0202,0628278311,0017687669559571,078912923
1980–8112,89013,18210,1405,4705,5946,5695,2494,3033,4983,6174,2753,3902,4139189211,0868598711,0541,0561,2091,0001,019
1981–8213,37413,73110,2966,1666,3307,4435,9474,7463,9534,1134,8873,8532,6051,0381,0391,2299701,0221,1751,1781,3271,1241,119
1982–8314,39214,82111,1576,9207,1268,5366,6465,3644,4394,6395,5834,3293,0081,1811,1811,4531,0831,1771,3001,3061,5011,2341,179
1983–8415,05915,56211,1737,5087,7599,3087,2445,5714,8515,0936,2174,7263,0991,2781,2791,5311,1911,2531,3801,3871,5591,3271,219
1984–8515,83116,31011,9738,2028,45110,2437,8496,2035,3155,5566,8435,1353,4851,4261,4261,7531,3091,4241,4621,4691,6471,4051,294
1985–862 16,66717,31212,2168,8859,22811,0348,5516,5125,7896,1217,3745,6413,6721,5531,5571,9401,4201,5001,5421,5511,7201,4901,340
1986–8717,75818,42511,7169,67610,03912,2789,2766,3846,3166,6588,1186,1713,6841,6581,6732,0971,5181,2661,7021,7082,0631,5871,434
1987–8818,52418,78412,47310,51210,65913,0759,8547,0786,9887,1168,7716,5744,1611,7481,7602,2441,5931,3801,7751,7832,0601,6871,537
1988–8918,84819,32713,42011,18911,47414,07310,6207,9677,4617,7229,4517,1724,8171,8491,8632,3531,6861,5401,8801,8892,2691,7621,609
1989–9019,32219,74913,93912,01812,28415,09811,3748,6708,1478,39610,3487,7785,1961,9231,9352,4111,7741,6631,9481,9532,3391,8231,811
1990–9119,67920,17814,18012,91013,23716,50312,2209,3028,7729,08311,3798,3895,5702,0632,0772,6541,8891,7442,0742,0772,4701,9431,989
1991–9220,52021,05914,22813,89214,25817,57213,2019,6329,4199,75912,0379,0605,7542,2212,2412,8252,0421,7882,2522,2572,7092,0982,090
1992–9320,96021,49814,18514,63415,00918,89813,8829,9039,94210,29413,0559,5336,0592,3482,3623,0182,1511,9702,3442,3542,8252,1971,875
1993–9421,63422,20414,52915,49615,90420,09714,64010,40610,57210,95213,87410,1006,3702,4902,5063,2772,2612,0672,4342,4452,9462,2781,970
1994–9521,99622,53315,16116,20716,60221,04115,36311,17011,11111,48114,53710,6536,9142,5872,6013,4692,3472,2332,5092,5203,0352,3622,023
1995–9622,73723,27015,27917,20817,61222,50216,19811,56311,86412,24315,60511,2977,0942,7382,7513,6802,4732,3712,6062,6173,2182,4292,098
1996–9723,17323,69115,35718,03918,44223,52016,99411,95412,49812,88116,55211,8717,2362,8782,8893,8262,6022,5372,6632,6723,1422,5202,181
1997–9823,37024,06916,30818,51619,07024,11617,71712,92112,80113,34417,22912,3387,4642,9542,9643,7562,7312,6722,7622,7613,1322,6482,785
1998–9924,02924,72516,52419,36819,92925,44318,43013,31913,42813,97318,34012,8157,8543,0753,0913,9142,8502,5812,8652,8653,1882,7652,884
1999–200024,34124,96816,83920,18620,70626,53419,12713,96514,08114,58819,30713,3618,2353,2243,2374,0702,9762,8082,8822,8813,1572,7902,922
2000–0124,91325,48117,24121,36821,85627,67620,24714,78815,00015,47020,10614,2339,0673,3743,3924,2703,1212,7222,9932,9933,3002,8933,000
2001–0225,67726,23018,13022,41322,89629,11521,22015,82515,74216,21121,17614,92310,0763,5673,5764,4783,3013,1163,1043,1093,4622,9962,633
2002–0326,16426,66519,90123,34023,78731,04321,96517,75316,38316,82622,71615,41610,6513,7523,7644,7243,4783,2323,2063,1973,6023,0713,870
2003–0427,01227,50121,45524,62425,06932,88623,15319,55817,31517,76324,12816,28411,5453,9453,9524,9793,6473,5813,3643,3543,7783,2224,432
2004–0527,48627,96221,39825,81026,25734,76124,27420,09318,15418,60425,64317,05012,1224,1714,1705,2633,8544,2433,4853,4833,8553,3703,728
2005–0627,58528,02321,71726,88927,31736,51025,28221,17018,86219,29226,95417,70212,4504,3804,3865,5174,0633,9943,6473,6394,0393,5174,726
2006–0728,43928,91920,28428,43928,91938,43726,82320,28420,04820,51728,58018,84812,7084,6064,6135,6914,3024,1473,7853,7884,1663,6723,429
2007–083 28,84629,30720,93629,91530,39340,64028,14221,71221,11321,58830,26019,79813,1724,8084,8126,0074,4674,4513,9943,9934,3733,8774,089
Not-for-profit30,80630,93118,06731,94832,07840,64029,69718,73723,22523,35130,26021,46711,6664,7294,7336,0074,3493,7883,9943,9934,3733,8813,283
For-profit24,07824,51122,53624,97125,41925,41923,37114,36414,60114,60113,4306,6457,1397,1394,8093,9613,6803,6805,131
— Not available.
† Not applicable.
1 Data for 1986–87 and later years reflect a basis of 20 meals per week rather than meals 7 days per week. Because of this revision in data collection and tabulation procedures, data are not entirely comparable with figures for previous years. In particular, data on board rates are somewhat higher than in earlier years because they reflect the basis of 20 meals per week rather than meals served 7 days per week. Since many institutions serve fewer than 3 meals each day, the 1986–87 and later data reflect a more accurate accounting of total board costs.
2 Room and board data are estimated.
3 Preliminary data based on fall 2006 enrollment weights.
  NOTE: Data are for the entire academic year and are average total charges for full-time attendance. Tuition and fees were weighted by the number of full-time-equivalent undergraduates, but were not adjusted to reflect student residency. Room and board were based on full-time students. Data through 1995–96 are for institutions of higher education, while later data are for degree-granting institutions. Degree-granting institutions grant associate's or higher degrees and participate in Title IV federal financial aid programs. The degree-granting classification is very similar to the earlier higher education classification, but it includes more 2-year colleges and excludes a few higher education institutions that did not grant degrees. (See Guide to Sources for details.) Because of their low response rate, data for private 2-year colleges must be interpreted with caution. Some data have been revised from previously published figures. Detail may not sum to totals because of rounding.
SOURCE: U.S. Department of Education, National Center for Education Statistics, Higher Education General Information Survey (HEGIS), "Institutional Characteristics of Colleges and Universities" surveys, 1965–66 through 1985–86; "Fall Enrollment in Institutions of Higher Education" surveys, 1965 through 1985; and 1986–87 through 2007–08 Integrated Postsecondary Education Data System, "Fall Enrollment Survey" (IPEDS-EF:86–99), "Institutional Characteristics Survey" (IPEDS-C:86–99), Spring 2001 through Spring 2006, and Fall 2000 through Fall 2007. (This table was prepared July 2008.)

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