The cost of college today compared to “my-day”

2013-14 Tuition, Fees, and Housing Costs for Manchester University (college) where I attended in 1957-58 for about $1,000.  

Tuition: $27,000; Fees: $920; Room: $5,500; Board: $3,750 (Full meal plan);  Total Direct Costs: $37,170 (about $39,000 if a different dorm and food plan is selected); add books, travel, personal items.

So why is college over 4x (adjusted for inflation) more than when I went?

• there were no government loans and few scholarships in 1957
• there were minimal amenities in 1957--no natatorium, no rec center, no plush dormitories--our entire dorm shared one phone
• there are many more regulations and mandates from the government in 2013 to add to costs
•   there are more costly scientific and technology equipment affecting everything from library to ordering food to tracking admissions in 2013
• there were stiffer entrance requirements in 1957 and many students in 2013 shouldn’t be in college.

http://online.wsj.com/news/articles/SB10001424127887324549004579068992834736138

http://www.becker-posner-blog.com/2013/10/why-does-college-cost-so-much-posner.html

“The curved glass wall of Haist Commons, a dining room and gathering space, is the most prominent addition to the building. Large open areas, balcony overlooks, and extensive use of exterior and interior glass walls help create bright, inviting spaces, connecting activity areas visually and providing views of the campus. The renovation brought the campus bookstore back into the union, allowing for combined staffing with the mailroom. The bookstore also shares a double sided fireplace with The Oaks Lounge.”

This student union was built in 1963; there wasn’t one in 1957. Even small church schools have to be competitive with amenities.