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<p>$1.00 in 1963 is equivalent to $7.59 in 2013, according to the [CPI</a> Inflation Calculator](<a href=“http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=1963&year2=2013]CPI”>http://data.bls.gov/cgi-bin/cpicalc.pl?cost1=1&year1=1963&year2=2013) .</p>
<p>So $1,249 tuition in 1963 would be equivalent to $9,412 today, and $600 room and board in 1963 would be equivalent to $4,554 today, for an equivalent total of $13,966. Compare to today’s Reed tuition and fees of $46,010, with room and board of $11,770, for a total of $57,780. (Neither figure includes books and other expenses.)</p>