re: I don’t get why it is more costly for colleges to educate students now vs the 70s/80s

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So you think The cost should be the same as the 1970’s?

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Adjusted for inflation? Yes.

I started LSU in 1979. I was out of state and tuition was about $1600 per year. That would be $6,200 today accounting for inflation. Instate was probably $1000, or $4000 in today’s dollars. And there weren’t a lot of extra fees - those were almost insignificant.

Currently LSU tuition and fees are $12,000 per year in state and over $28,000 for out of state. Cost of attendance increased at more than 3x the rate of inflation.

We did not have a lazy river though, so maybe today’s costs are a bargain.