College Costs

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COLLEGE COSTS….The New York Times, quoting a new report from the National Center for Public Policy and Higher Education, says:

Over all, the report found, published college tuition and fees increased 439 percent from 1982 to 2007, adjusted for inflation.

Bob Somerby is astounded, as well he should be. The report is here, and the chart on page 8 is clearly labeled “Growth Rate in Current Dollar Price.” In other words, not adjusted for inflation. In real dollars, tuition costs since 1982 have gone up about 150%. That’s a lot, but not quite the quintupling the Times suggests.

For what it’s worth, my guess is that this number is strongly affected by big tuition hikes at state universities. Adjusted for inflation, for example, tuition at Harvard has gone from $15,000 in 1982 to $31,000 last year — a mere doubling. Conversely, the state university I attended charged virtually nothing when I was there in 1981 but today charges in-state students nearly $4,000 per year. The eye popping tuition figures at elite universities get the headlines, but it’s the budget strapped state schools — and the middle class students they serve — who have seen the eye popping increases.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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