College Costs then and now

[samiamy]

"Nonsense. Go to the gulf coast region. Plenty of companies are hiring inexperienced entry level engineers"

Well tell me why they aren't responding to applicants that are applying? Not just my child either. Again, unless one is going thru the no jobs issues and a frustrated graduate in a field specific career and wants to work in the field they were educated in, save me the plenty of jobs speech. It is not true.


By the way, most of the entry level postings are requiring greater than 2 year experience

[Raindrip]

1976 - $225 a semester (I thought the out-of-state students who had to pay $800 a semester must be insanely wealthy.)
2012 - $4,210 a semester (Still pretty darn reasonable by today's standards)

[father91]

When I joined UT Austin in 1984, the instate tuition was $50/semester. Now it is $5000/semester.
Who can top that?

[Dave_N]

I guess I didn't really answer the thread title. As I said, when I started tuition and fees were $800 a year.

Now:

Guaranteed undergrad (entered Summer 2012 through Spring 2013) Resident: $16,556 Out of State: $30,698 International: $33,498

With mandatory fees that is 22X increase. It doesn't touch father91's 100X increase but I think it illustrates the problem. I don't think minimum wage or starting salaries have increased 2200% in the same time frame unless there are some entry level jobs paying $660,000 that I haven't seen.

[waterfalls]

http://i.mktw.net/_newsimages/pdf/co...s-20120925.pdf

Which colleges help grads snare top salaries? - MarketWatch

See how much graduates from various colleges earn. And this data ranks colleges by how much they earn relative to how much they paid.

[hylyfe]

^I wonder why education and health are both going up so much in costs
I wonder..... oh i wonder....

[beth's mom]

Tuition and fees at my alma mater were about $1600 when I attended (graduated in 1980). Today it's $36,000. Back then, a full-pay student (which I was) could pay for college herself with a summer job, a part-time school year job and a modest student loan. Not today, that's for sure.

[Dad_of_3]

It is getting ridiculous how education and medicine are rising in costs!

As long as their is demand and someone has deep pockets that people can tap into, the predictable result is endless escalation of costs. If you have the luxury of turning down a thousand students who're willing to fork out 50-60 grand, why wouldn't you keep raising prices?

Similarly with medicine - if there is a ready market of people where much of the tab is picked up by a third party, it's the same story.

[MaineLonghorn]

UT-Austin was $4/credit hour in the early 80s. That's not a typo. I remember being shocked to hear that tuition was going to TRIPLE to $12/hour sometime after I graduated.