13. Yearly College Tuition Costs In 1900’s: $150
Seems, like not much, right? In reality, this number with formative costs for inflation was still not accessible for much of the working class.
Most college attendees were of the upper class because they were the only ones who would afford taking time off to study.
6. Yearly College Tuition Costs In 1970’s: $2,350
1965 was a big year for college – it was the year the Higher Education Act was passed. This act put in place financial aid systems as well as federal grants and interest rates. College was now becoming more accessible to all.
5. Yearly College Tuition Costs In 1980’s: $6,000
From 1970 to 1980, there was a 200% increase in college tuition. Also, at this time – grants were covering about 80% of tuition costs.
Also at this time, while admittance and attendance were growing, about 49% of all high school graduates are moving on to university.
3. Yearly College Tuition Costs In 2000’s: $22,682
The 90s marked the decade that college tuition costs and loans left a major debt in people’s lives. More and more graduates are deciding to get married later, buy a house later, and have kids later.
College loans are a priority to pay off before incurring more debt.
2. Yearly College Tuition Costs In 2010’s: $36,280
As debt has risen, so have default rates. The 2000’s are showing increasing loan defaults and financial stress on graduates to pay back hefty sums.
In 2008 – it was noted that tuition had increased 439% since 1982 – while income has only gone up 147%. It’s no wonder people can’t pay back these loans!
1. Yearly College Tuition Costs In 2018: $45,556
And here we are. Student loans are a rampant issue and a focal point for all members of society. The growing costs of tuition are a major issue and will be detrimental in the growth of our nation.
More and more students are trying to educate themselves at a lower cost by using an online degree program. The tuition for online college degrees range and can usually be more affordable. Yet, you may not get to experience college in the traditional sense it may be the only option for some due to the extravagant costs associated with a traditional brick and mortar college.