Share this infographic on your site! <a href=”https://www.collegechoice.net/the-rising-cost-of-college/”><img src=”https://www.collegechoice.net/app/uploads/2015/01/Rising-college-costs.jpg” alt=”Rising College Costs” width=”500″ border=”0″ /></a><br />Source: <a href=”https://www.collegechoice.net/”>CollegeChoice.net</a>

The Rising Cost of College

79: percentage growth of college tuition between August 2003 and August 2013

2X: that’s twice as costs for medical care.

And 3X: the as the overall Consumer Price Index during that same period.

Overall, the cost of college has gone up over 500% since 1982.

Put in perspective:

If you spent $10,000 for a college education in 1982,

And had the increase in college tuition gone at the same rate as inflation:

That same year of college education would cost $24,471.61 today.

Instead, that year of college education actually costs over $50,000 today.

From 1984-1985 to 2014-2015 the average published Tuition and Fees for:

• Private 4-year institutions – up 146% (From $12,716* to $31,231)

• Public 2-year colleges – up 150% (From $1,337* to $3,347)

• In-state students at public 4-year institutions – up 225% (from $2,810* to $9,139)

*1984 prices adjusted to 2014 dollars

Why Are College Costs Rising?

• Appropriations are money set aside by governments to be used for a specific purpose. As state and local governments cut appropriations to colleges, tuition costs rise to make up the difference

• Institutional Subsidies are proportion of costs paid for from institutional sources. They typically come from state and local appropriations; at private institutions they come from private gifts, investment returns, or endowment income. During recessions, subsidies dry up.

5 most expensive educations, 2012-2013

1.Sarah Lawrence College, New York: $61,236

2.New York University, New York: $59,837

3.Harvey Mudd College, California: $58,913

4.Columbia University, New York: $58,742

5.Wesleyan University, Connecticut: $58,202

Sources:

http://www.usnews.com/news/articles/2013/10/23/charts-just-how-fast-has-college-tuition-grown

http://trends.collegeboard.org/college-pricing/figures-tables/tuition-fees-room-board-time-1974-75-2014-15-selected-years

http://trends.collegeboard.org/college-pricing/figures-tables/tuition-fees-room-board-time

http://www.forbes.com/sites/steveodland/2012/03/24/college-costs-are-soaring/

http://nces.ed.gov/pubs2015/2015012.pdf

http://trends.collegeboard.org/college-pricing/figures-tables/average-rates-growth-published-charges-decade

http://www.bloomberg.com/news/2013-08-26/college-costs-surge-500-in-u-s-since-1985-chart-of-the-day.html

http://www.cnn.com/2015/01/09/opinions/granderson-community-college/

http://inflationdata.com/Inflation/Inflation_Articles/Education_Inflation.asp

http://www.finaid.org/savings/tuition-inflation.phtml

http://www.sheeo.org/sites/default/files/publications/SHEF_FY13_04172014.pdf

http://www.cbpp.org/cms/?fa=view&id=4135#_ftn1

http://www.bloomberg.com/news/2014-11-13/college-tuition-in-the-u-s-again-rises-faster-than-inflation.html

http://www.deltacostproject.org/sites/default/files/products/Delta%20Cost_Trends%20College%20Spending%202001-2011_071414_rev.pdf

http://www.deltacostproject.org/sites/default/files/products/issuebrief_01.pdf

http://www.nbcnews.com/_news/2013/04/09/17658326-meet-your-new-professor-transient-poorly-paid?lite

http://nces.ed.gov/fastfacts/display.asp?id=98

http://aquadoc.typepad.com/waterwired/2012/08/post.html