this post was submitted on 19 Jul 2024
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The moment you see any dollar amount from the past you need to ask "is that adjusted for inflation" and if it isn't you need to put it in an inflation calculator. This process needs to be second nature because otherwise you will get a very wrong idea about how much something actually cost. And post covid inflation is already skewing mental prices from just a decade ago.
I literally have a shortcut to usinflationcalculator dot com on my home screen. Because I always check for inflation. Always.
If the boomer was 60, it would still only cost $2,267.87.
If they're 65, it would have been 3,245.61.
Tuition today: $41,540 at private colleges $11,260 at public colleges (in-state residents) $29,150 at public colleges (out-of-state residents)
Sure, inflation is a thing, but the difference in dollar amount is still staggering.
Yes, per semester. You can get away with way less if you go to a community college or online school.
Having gone to community college and a private college, the difference in class quality is great, but not over 10 times greater. Maybe three times greater? The state school classes I audited were zero to 1 times better to be honest.