That 1 year/$8K number in the 60’s looked off because tuition has outpaced wage growth for some time now.
Anyhow, not sure how reliable the
source but it’s the Mac Weekly so I assume reliable?
Quote:
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Macalester tuition broke the $1,000 mark for the first time in 1963 as students shelled out $1,320 per year for the full room and board and tuition package. That being said, average personal income more than doubled from 1945 to $2,773 in 1965. Within the next two decades, Macalester tuition really began to skyrocket. In 1980, tuition cost $4,725 with room/board at $1,800. In 1984-1985 these figures increased to $7,520 and $2,600, respectively. Income likewise rose from $9,910 in 1980 to $14,427 in 1985.
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