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A comment on Undergraduates with family income below $200k will be tuition-free at MIT. Parent comment

Re:Undergraduates with family income below $200k will be tui... by Figs on Wednesday November 20, 2024 @07:52PM (#42199895)
> If you go back in time just a few decades, this is how it was: you paid for it, either in cash or with a PRIVATE loan, and people didn't see college as an automatic requirement. Then it was 1/10th as expensive.

...if you go back in time a few decades basically everything was about 1/10th as expensive.

e.g. "Adjusted for inflation, $1.00 in 1960 is equal to $10.43 in 2024" according to https://www.dollartimes.com/inflation/inflation.php?amount=1...

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Re:Undergraduates with family income below $200k will be tui... by mminer237 on Wednesday November 20, 2024 @11:36PM (#42201169)
Tuition is like 3–5 times the price even adjusted for inflation though
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Re:Undergraduates with family income below $200k will be tui... by baq on Thursday November 21, 2024 @01:19AM (#42201636)
Costs ballooned in real terms.
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Re:Undergraduates with family income below $200k will be tui... by mportela on Thursday November 21, 2024 @07:56AM (#42203881)
Sure, but education (and healthcare) costs grew much faster than the inflation.

"The average annual cost of tuition at a public 4-year college is 40 times higher than tuition in 1963.

(...)

After adjusting for currency inflation, college tuition has increased 197.4% since 1963."

https://educationdata.org/college-tuition-inflation-rate

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