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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Live2Sail who wrote (45524)	12/11/2005 10:45:54 PM
From: GraceZ	Read Replies (2) \| Respond to of 306849

Tuition was $3000 a year when I started in 1974 and it is around $26,000 now (I just double checked it so it is more than 7x what I paid). It's a much better school now than it was when I went there. They've built up their reputation and admission is far more competitive. And you say there's no inflation <g>. I would never claim there is no inflation, we always have inflation even though the rate of inflation declined since 1981 until recently (something economists euphemistically call disinflation). Even inflation at a fairly low rate will result in a significant erosion of buying power over long periods of time. If you plug $3000 into a CPI calculator the tuition should be $12,472, not the 26K that it is. Clearly the "retail" cost for private college tuition is rising a whole lot faster than the official CPI inflation rate but 65% of their students receive financial aid in some form so the majority never pays that headline number personally.