Special Report
The Cost of College the Year You Were Born
Published:
Last Updated:
The annual cost of attending a four-year private institution in the United States reached $50,770 last year, more than double what it was less than two decades ago and the first time it has exceeded $50,000.
For many Americans, a college degree is often regarded as a measure of success, yet a postsecondary education has become cost-prohibitive for many young people, even when they receive financial aid.
In order to be able to get a degree, millions of students rack up tens of thousands of dollars in debt, sometimes amassing a debt burden that will take decades to fully pay off.
Based on data from the College Board, a nonprofit group associated with American postsecondary institutions, 24/7 Wall St. reviewed the average cost nationwide of attending four-year public and private colleges each year since 1971. Both figures include tuition, fees, and room and board.
In 1971, a four-year education at a private college in the United States cost less than one-tenth what it does today. Even after adjusting for inflation, a year of private college today costs more than two and a half times what it did back then. This means college prices are disproportionately high for potential undergraduates at a wide array of institutions, and not just at the most expensive college in each state.
Click here to see the cost of college the year you were born.
Click here to read our detailed methodology.
1971
> Private tuition, fees, room & board per year: $2,930 (inflation adj.: $18,650)
> Public tuition, fees, room & board per year: $1,410 (inflation adjusted: $8,980)
> Per capita income: $4,471 (inflation adjusted: $28,571)
> Adults with a bachelor’s degree: 16.9%
[in-text-ad]
1972
> Private tuition, fees, room & board per year: $3,090 (inflation adj.: $19,110)
> Public tuition, fees, room & board per year: $1,550 (inflation adjusted: $9,580)
> Per capita income: $4,857 (inflation adjusted: $30,073)
> Adults with a bachelor’s degree: 19.0%
1973
> Private tuition, fees, room & board per year: $3,220 (inflation adj.: $18,830)
> Public tuition, fees, room & board per year: $1,600 (inflation adjusted: $9,360)
> Per capita income: $5,363 (inflation adjusted: $31,261)
> Adults with a bachelor’s degree: 19.0%
1974
> Private tuition, fees, room & board per year: $3,420 (inflation adj.: $17,940)
> Public tuition, fees, room & board per year: $1,650 (inflation adjusted: $8,650)
> Per capita income: $5,836 (inflation adjusted: $30,637)
> Adults with a bachelor’s degree: 20.7%
[in-text-ad-2]
1975
> Private tuition, fees, room & board per year: $3,680 (inflation adj.: $17,590)
> Public tuition, fees, room & board per year: $1,780 (inflation adjusted: $8,510)
> Per capita income: $6,324 (inflation adjusted: $30,422)
> Adults with a bachelor’s degree: 21.9%
1976
> Private tuition, fees, room & board per year: $3,980 (inflation adj.: $18,060)
> Public tuition, fees, room & board per year: $1,940 (inflation adjusted: $8,800)
> Per capita income: $6,875 (inflation adjusted: $31,271)
> Adults with a bachelor’s degree: 23.7%
[in-text-ad]
1977
> Private tuition, fees, room & board per year: $4,240 (inflation adj.: $18,010)
> Public tuition, fees, room & board per year: $2,040 (inflation adjusted: $8,670)
> Per capita income: $7,516 (inflation adjusted: $32,099)
> Adults with a bachelor’s degree: 24.0%
24/7 Wall St.
1978
> Private tuition, fees, room & board per year: $4,610 (inflation adj.: $18,180)
> Public tuition, fees, room & board per year: $2,150 (inflation adjusted: $8,480)
> Per capita income: $8,356 (inflation adjusted: $33,169)
> Adults with a bachelor’s degree: 23.3%
1979
> Private tuition, fees, room & board per year: $5,010 (inflation adj.: $17,760)
> Public tuition, fees, room & board per year: $2,330 (inflation adjusted: $8,260)
> Per capita income: $9,232 (inflation adjusted: $32,911)
> Adults with a bachelor’s degree: 23.1%
[in-text-ad-2]
1980
> Private tuition, fees, room & board per year: $5,590 (inflation adj.: $17,510)
> Public tuition, fees, room & board per year: $2,550 (inflation adjusted: $7,990)
> Per capita income: $10,180 (inflation adjusted: $31,974)
> Adults with a bachelor’s degree: 22.5%
1981
> Private tuition, fees, room & board per year: $6,330 (inflation adj.: $17,910)
> Public tuition, fees, room & board per year: $2,870 (inflation adjusted: $8,120)
> Per capita income: $11,300 (inflation adjusted: $32,173)
> Adults with a bachelor’s degree: 21.3%
[in-text-ad]
1982
> Private tuition, fees, room & board per year: $7,130 (inflation adj.: $18,950)
> Public tuition, fees, room & board per year: $3,200 (inflation adjusted: $8,500)
> Per capita income: $11,999 (inflation adjusted: $32,181)
> Adults with a bachelor’s degree: 21.7%
1983
> Private tuition, fees, room & board per year: $7,760 (inflation adj.: $20,130)
> Public tuition, fees, room & board per year: $3,430 (inflation adjusted: $8,900)
> Per capita income: $12,698 (inflation adjusted: $32,996)
> Adults with a bachelor’s degree: 22.5%
1984
> Private tuition, fees, room & board per year: $8,450 (inflation adj.: $21,030)
> Public tuition, fees, room & board per year: $3,680 (inflation adjusted: $9,160)
> Per capita income: $13,906 (inflation adjusted: $34,639)
> Adults with a bachelor’s degree: 21.9%
[in-text-ad-2]
1985
> Private tuition, fees, room & board per year: $8,900 (inflation adj.: $21,390)
> Public tuition, fees, room & board per year: $3,860 (inflation adjusted: $9,280)
> Per capita income: $14,755 (inflation adjusted: $35,490)
> Adults with a bachelor’s degree: 22.2%
1986
> Private tuition, fees, room & board per year: $9,850 (inflation adj.: $23,310)
> Public tuition, fees, room & board per year: $4,050 (inflation adjusted: $9,580)
> Per capita income: $15,490 (inflation adjusted: $36,578)
> Adults with a bachelor’s degree: 22.4%
[in-text-ad]
1987
> Private tuition, fees, room & board per year: $10,460 (inflation adj.: $23,820)
> Public tuition, fees, room & board per year: $4,200 (inflation adjusted: $9,560)
> Per capita income: $16,289 (inflation adjusted: $37,111)
> Adults with a bachelor’s degree: 22.0%
24/7 Wall St.
1988
> Private tuition, fees, room & board per year: $11,660 (inflation adj.: $25,490)
> Public tuition, fees, room & board per year: $4,460 (inflation adjusted: $9,750)
> Per capita income: $17,455 (inflation adjusted: $38,187)
> Adults with a bachelor’s degree: 22.5%
1989
> Private tuition, fees, room & board per year: $12,560 (inflation adj.: $26,160)
> Public tuition, fees, room & board per year: $4,720 (inflation adjusted: $9,830)
> Per capita income: $18,676 (inflation adjusted: $38,980)
> Adults with a bachelor’s degree: 23.4%
[in-text-ad-2]
1990
> Private tuition, fees, room & board per year: $13,480 (inflation adj.: $26,780)
> Public tuition, fees, room & board per year: $5,070 (inflation adjusted: $10,070)
> Per capita income: $19,621 (inflation adjusted: $38,853)
> Adults with a bachelor’s degree: 23.2%
1991
> Private tuition, fees, room & board per year: $14,190 (inflation adj.: $26,990)
> Public tuition, fees, room & board per year: $5,450 (inflation adjusted: $10,370)
> Per capita income: $20,030 (inflation adjusted: $38,062)
> Adults with a bachelor’s degree: 23.2%
[in-text-ad]
1992
> Private tuition, fees, room & board per year: $15,030 (inflation adj.: $27,720)
> Public tuition, fees, room & board per year: $5,830 (inflation adjusted: $10,750)
> Per capita income: $21,090 (inflation adjusted: $38,905)
> Adults with a bachelor’s degree: 23.6%
1993
> Private tuition, fees, room & board per year: $15,800 (inflation adj.: $28,350)
> Public tuition, fees, room & board per year: $6,210 (inflation adjusted: $11,140)
> Per capita income: $21,733 (inflation adjusted: $38,926)
> Adults with a bachelor’s degree: 23.7%
1994
> Private tuition, fees, room & board per year: $16,500 (inflation adj.: $28,810)
> Public tuition, fees, room & board per year: $6,620 (inflation adjusted: $11,560)
> Per capita income: $22,575 (inflation adjusted: $39,424)
> Adults with a bachelor’s degree: 23.3%
[in-text-ad-2]
1995
> Private tuition, fees, room & board per year: $17,380 (inflation adj.: $29,530)
> Public tuition, fees, room & board per year: $6,740 (inflation adjusted: $11,450)
> Per capita income: $23,607 (inflation adjusted: $40,090)
> Adults with a bachelor’s degree: 24.7%
1996
> Private tuition, fees, room & board per year: $18,360 (inflation adj.: $30,300)
> Public tuition, fees, room & board per year: $7,140 (inflation adjusted: $11,780)
> Per capita income: $24,771 (inflation adjusted: $40,860)
> Adults with a bachelor’s degree: 27.1%
[in-text-ad]
1997
> Private tuition, fees, room & board per year: $19,360 (inflation adj.: $31,250)
> Public tuition, fees, room & board per year: $7,470 (inflation adjusted: $12,060)
> Per capita income: $25,993 (inflation adjusted: $41,914)
> Adults with a bachelor’s degree: 27.8%
1998
> Private tuition, fees, room & board per year: $20,460 (inflation adj.: $32,480)
> Public tuition, fees, room & board per year: $7,770 (inflation adjusted: $12,340)
> Per capita income: $27,557 (inflation adjusted: $43,755)
> Adults with a bachelor’s degree: 27.3%
1999
> Private tuition, fees, room & board per year: $21,480 (inflation adj.: $33,390)
> Public tuition, fees, room & board per year: $8,080 (inflation adjusted: $12,560)
> Per capita income: $28,675 (inflation adjusted: $44,546)
> Adults with a bachelor’s degree: 28.2%
[in-text-ad-2]
2000
> Private tuition, fees, room & board per year: $22,240 (inflation adj.: $33,350)
> Public tuition, fees, room & board per year: $8,440 (inflation adjusted: $12,660)
> Per capita income: $30,657 (inflation adjusted: $46,076)
> Adults with a bachelor’s degree: 29.1%
2001
> Private tuition, fees, room & board per year: $23,860 (inflation adj.: $34,830)
> Public tuition, fees, room & board per year: $9,030 (inflation adjusted: $13,180)
> Per capita income: $31,589 (inflation adjusted: $46,164)
> Adults with a bachelor’s degree: 28.4%
[in-text-ad]
2002
> Private tuition, fees, room & board per year: $24,870 (inflation adj.: $35,780)
> Public tuition, fees, room & board per year: $9,670 (inflation adjusted: $13,910)
> Per capita income: $31,832 (inflation adjusted: $45,795)
> Adults with a bachelor’s degree: 29.3%
24/7 Wall St.
2003
> Private tuition, fees, room & board per year: $26,060 (inflation adj.: $36,720)
> Public tuition, fees, room & board per year: $10,530 (inflation adjusted: $14,840)
> Per capita income: $32,681 (inflation adjusted: $45,968)
> Adults with a bachelor’s degree: 28.4%
2004
> Private tuition, fees, room & board per year: $27,470 (inflation adj.: $37,580)
> Public tuition, fees, room & board per year: $11,380 (inflation adjusted: $15,570)
> Per capita income: $34,251 (inflation adjusted: $46,927)
> Adults with a bachelor’s degree: 28.7%
[in-text-ad-2]
2005
> Private tuition, fees, room & board per year: $28,740 (inflation adj.: $38,110)
> Public tuition, fees, room & board per year: $12,120 (inflation adjusted: $16,070)
> Per capita income: $35,849 (inflation adjusted: $47,507)
> Adults with a bachelor’s degree: 28.8%
2006
> Private tuition, fees, room & board per year: $30,500 (inflation adj.: $38,830)
> Public tuition, fees, room & board per year: $12,840 (inflation adjusted: $16,350)
> Per capita income: $38,114 (inflation adjusted: $48,930)
> Adults with a bachelor’s degree: 28.4%
[in-text-ad]
2007
> Private tuition, fees, room & board per year: $31,990 (inflation adj.: $39,790)
> Public tuition, fees, room & board per year: $13,560 (inflation adjusted: $16,870)
> Per capita income: $39,844 (inflation adjusted: $49,735)
> Adults with a bachelor’s degree: 29.6%
2008
> Private tuition, fees, room & board per year: $33,800 (inflation adj.: $39,810)
> Public tuition, fees, room & board per year: $14,370 (inflation adjusted: $16,930)
> Per capita income: $40,904 (inflation adjusted: $49,170)
> Adults with a bachelor’s degree: 30.8%
2009
> Private tuition, fees, room & board per year: $35,070 (inflation adj.: $42,190)
> Public tuition, fees, room & board per year: $15,240 (inflation adjusted: $18,340)
> Per capita income: $39,284 (inflation adjusted: $47,391)
> Adults with a bachelor’s degree: 30.6%
[in-text-ad-2]
2010
> Private tuition, fees, room & board per year: $36,470 (inflation adj.: $43,340)
> Public tuition, fees, room & board per year: $16,180 (inflation adjusted: $19,230)
> Per capita income: $40,547 (inflation adjusted: $48,125)
> Adults with a bachelor’s degree: 31.7%
2011
> Private tuition, fees, room & board per year: $37,970 (inflation adj.: $43,550)
> Public tuition, fees, room & board per year: $17,160 (inflation adjusted: $19,680)
> Per capita income: $42,739 (inflation adjusted: $49,175)
> Adults with a bachelor’s degree: 32.2%
[in-text-ad]
2012
> Private tuition, fees, room & board per year: $39,450 (inflation adj.: $44,620)
> Public tuition, fees, room & board per year: $17,820 (inflation adjusted: $20,150)
> Per capita income: $44,605 (inflation adjusted: $50,281)
> Adults with a bachelor’s degree: 33.5%
2013
> Private tuition, fees, room & board per year: $40,960 (inflation adj.: $45,430)
> Public tuition, fees, room & board per year: $18,380 (inflation adjusted: $20,390)
> Per capita income: $44,860 (inflation adjusted: $49,839)
> Adults with a bachelor’s degree: 33.6%
2014
> Private tuition, fees, room & board per year: $42,450 (inflation adj.: $46,170)
> Public tuition, fees, room & board per year: $18,930 (inflation adjusted: $20,590)
> Per capita income: $47,071 (inflation adjusted: $51,460)
> Adults with a bachelor’s degree: 34.0%
[in-text-ad-2]
2015
> Private tuition, fees, room & board per year: $43,880 (inflation adj.: $47,640)
> Public tuition, fees, room & board per year: $19,570 (inflation adjusted: $21,250)
> Per capita income: $49,019 (inflation adjusted: $53,526)
> Adults with a bachelor’s degree: 35.6%
2016
> Private tuition, fees, room & board per year: $45,350 (inflation adj.: $48,830)
> Public tuition, fees, room & board per year: $20,150 (inflation adjusted: $21,700)
> Per capita income: $50,015 (inflation adjusted: $53,934)
> Adults with a bachelor’s degree: 36.1%
[in-text-ad]
2017
> Private tuition, fees, room & board per year: $47,000 (inflation adj.: $49,750)
> Public tuition, fees, room & board per year: $20,790 (inflation adjusted: $22,010)
> Per capita income: $52,118 (inflation adjusted: $55,029)
> Adults with a bachelor’s degree: 35.7%
2018
> Private tuition, fees, room & board per year: $48,290 (inflation adj.: $49,650)
> Public tuition, fees, room & board per year: $21,400 (inflation adjusted: $22,000)
> Per capita income: $54,606 (inflation adjusted: $56,281)
> Adults with a bachelor’s degree: 37.0%
2019
> Private tuition, fees, room & board per year: $49,870 (inflation adj.: $50,360)
> Public tuition, fees, room & board per year: $21,950 (inflation adjusted: $22,170)
> Per capita income: $56,490 (inflation adjusted: $57,187)
> Adults with a bachelor’s degree: 38.7%
[in-text-ad-2]
2020
> Private tuition, fees, room & board per year: $50,770 (inflation adj.: $50,770)
> Public tuition, fees, room & board per year: $22,180 (inflation adjusted: $22,180)
> Per capita income: $N/A
> Adults with a bachelor’s degree: 39.2%
Methodology
To determine the cost of college the year you were born, 24/7 Wall St. reviewed historical data on tuition, fees, and room and board from the College Board, a nonprofit organization working on behalf of colleges and universities. Years listed are for the beginning of the academic year. Data on tuition, fees, and room and board for four-year public and private nonprofit schools was adjusted for inflation by the College Board. Supplemental data on personal income per capita came from the Bureau of Economic Analysis and was adjusted for inflation using the consumer price index for all urban consumers from the Bureau of Labor Statistics. Data on the percentage of adults 25 years and over came from the Current Population Survey of the U.S. Census Bureau.
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
