You are hereBlogs / WcP.Watchful.Eye's blog / The Price is Right, or not? Crude oil prices in 150 years: 1861-2013; US college fees increasing 10 to 20-fold in past 40 years
The Price is Right, or not? Crude oil prices in 150 years: 1861-2013; US college fees increasing 10 to 20-fold in past 40 years
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150 Years Of "Real" Oil Prices
In real terms, the price of crude oil has not been more expensive since the Pennsylvania Boom over 150 years ago...
Galloping inflation in American college fees
For decades, college fees have risen faster than Americans' ability to pay them. Median household income has grown by a factor of 6.5 in the past 40 years, but the cost of attending a state college has increased by a factor of 15 for in-state students and 24 for out-of-state students. The cost of attending a private college has increased by a factor of more than 13 (a year in the Ivy League will set you back $38,000, excluding bed and board). Academic inflation makes most other kinds look modest by comparison.
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Image courtesy Oil Prices and The Economist / BLS / FHFA / Thomson Reuters
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It is so amazing to read this article and know more about the American College system. I mean I was shocked to read that Amerian college System fees are so different and increased now as compared to 40 years before.
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