704 College Tuition Hike

“With college costs running as high as $40,000 a year, House and Senate education committees have tuition control on their to-do lists.” Investor’s Business Daily.

“Tuitions are rising an average of seven percent to eight percent annually, at least twice as fast as overall inflation, according to the College Board, the New York-based organization best known for admissions tests like the SAT. (Only inflation in health-care costs surpasses that.)”

Well, not at Ohio State, it isn’t $40,000 a year. These writers must be planning on sending junior to Harvard or Yale. But even figuring inflation, costs are higher than when I started at Manchester College in the late 1950s. I think my costs were about $1,000 a year (and it was similar at the University of Illinois to which I transferred). That would calculate today at $6,797--and it is unlikely you could do that today, unless you lived at home and attended a regional campus. The costs at Manchester, seem to have increased much faster than a state school, coming in around $24,770 for tuition, fees, and room and board. Still, today’s college student and parent expect many more amenities and wouldn't live they way we did then.