Cost of College the Year You Graduated High School
It’s well-known that the cost of college has been climbing, but college tuition increases at both public and private universities isn’t a recent trend. College costs have been increasing significantly for decades, making it increasingly harder to afford a higher education.
To see just how much the price tag on a postsecondary education has grown each year, GOBankingRates analyzed data on four-year institutions from the National Center for Education Statistics and the College Board, starting in 1964, the first year this data was collected. Note that the data from 1964-70 also includes the costs for two-year institutions. Costs are in current dollars.
From 1964 to 2019, the average annual cost of a four-year public school has soared by about 3,819%. The average annual cost of a four-year private school has jumped 2,998%. To better understand the rising cost of college, take a closer look at how much tuition and fees increased from year to year.
The Cost of College in 1964-65
- Average cost of public school: $261
- Average cost of private school: $1,160
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The Cost of College in 1965-66
- Average cost of public school: $284
- Public school cost increase from the prior year: 8.8%
- Average cost of private school: $1,128
- Private school cost increase from the prior year: 5.9%
The Cost of College in 1966-67
- Average cost of public school: $310
- Public school cost increase from the prior year: 9.2%
- Average cost of private school: $1,309
- Private school cost increase from the prior year: 6.6%
The Cost of College in 1967-68
- Average cost of public school: $317
- Public school cost increase from the prior year: 2.3%
- Average cost of private school: $1,386
- Private school cost increase from the prior year: 5.9%
The Cost of College in 1968-69
- Average cost of public school: $329
- Public school cost increase from the prior year: 3.8%
- Average cost of private school: $1,487
- Private school cost increase from the prior year: 7.3%
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The Cost of College in 1969-70
- Average cost of public school: $367
- Public school cost increase from the prior year: 11.6%
- Average cost of private school: $1,639
- Private school cost increase from the prior year: 10.2%
The Cost of College in 1970-71
- Average cost of public school: $405
- Public school cost increase from the prior year: 10.4%
- Average cost of private school: $1,792
- Private school cost increase from the prior year: 9.3%
The Cost of College in 1971-72
- Average cost of a four-year public school: $430
- Public school cost increase from the prior year: 6.2%
- Average cost of a four-year private school: $1,830
- Private school cost increase from the prior year: 2.1%
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The Cost of College in 1972-73
- Average cost of a four-year public school: $500
- Public school cost increase from the prior year: 16.3%
- Average cost of a four-year private school: $1,950
- Private school cost increase from the prior year: 6.6%
The Cost of College in 1973-74
- Average cost of a four-year public school: $510
- Public school cost increase from the prior year: 2%
- Average cost of a four-year private school: $2,050
- Private school cost increase from the prior year: 5.1%
The Cost of College in 1974-75
- Average cost of a four-year public school: $510
- Public school cost increase from the prior year: 0%
- Average cost of a four-year private school: $2,130
- Private school cost increase from the prior year: 3.9%
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The Cost of College in 1975-76
- Average cost of a four-year public school: $540
- Public school cost increase from the prior year: 5.9%
- Average cost of a four-year private school: $2,290
- Private school cost increase from the prior year: 7.5%
The Cost of College in 1976-77
- Average cost of a four-year public school: $620
- Public school cost increase from the prior year: 14.8%
- Average cost of a four-year private school: $2,530
- Private school cost increase from the prior year: 10.5%
The Cost of College in 1977-78
- Average cost of a four-year public school: $660
- Public school cost increase from the prior year: 6.5%
- Average cost of a four-year private school: $2,700
- Private school cost increase from the prior year: 6.7%
The Cost of College in 1978-79
- Average cost of a four-year public school: $690
- Public school cost increase from the prior year: 4.5%
- Average cost of a four-year private school: $2,960
- Private school cost increase from the prior year: 9.6%
The Cost of College in 1979-80
- Average cost of a four-year public school: $740
- Public school cost increase from the prior year: 7.2%
- Average cost of a four-year private school: $3,230
- Private school cost increase from the prior year: 9.1%
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The Cost of College in 1980-81
- Average cost of a four-year public school: $800
- Public school cost increase from the prior year: 8.1%
- Average cost of a four-year private school: $3,620
- Private school cost increase from the prior year: 12.1%
The Cost of College in 1981-82
- Average cost of a four-year public school: $910
- Public school cost increase from the prior year: 13.8%
- Average cost of a four-year private school: $4,110
- Private school cost increase from the prior year: 13.5%
The Cost of College in 1982-83
- Average cost of a four-year public school: $1,030
- Public school cost increase from the prior year: 13.2%
- Average cost of a four-year private school: $4,640
- Private school cost increase from the prior year: 12.9%
The Cost of College in 1983-84
- Average cost of a four-year public school: $1,150
- Public school cost increase from the prior year: 11.7%
- Average cost of a four-year private school: $5,090
- Private school cost increase from the prior year: 9.7%
The Cost of College in 1984-85
- Average cost of a four-year public school: $1,230
- Public school cost increase from the prior year: 7%
- Average cost of a four-year private school: $5,560
- Private school cost increase from the prior year: 9.2%
The Cost of College in 1985-86
- Average cost of a four-year public school: $1,320
- Public school cost increase from the prior year: 7.3%
- Average cost of a four-year private school: $6,120
- Private school cost increase from the prior year: 10.1%
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The Cost of College in 1986-87
- Average cost of a four-year public school: $1,410
- Public school cost increase from the prior year: 6.8%
- Average cost of a four-year private school: $6,660
- Private school cost increase from the prior year: 8.8%
The Cost of College in 1987-88
- Average cost of a four-year public school: $1,490
- Public school cost increase from the prior year: 5.7%
- Average cost of a four-year private school: $7,050
- Private school cost increase from the prior year: 5.9%
The Cost of College in 1988-89
- Average cost of a four-year public school: $1,580
- Public school cost increase from the prior year: 6%
- Average cost of a four-year private school: $8,000
- Private school cost increase from the prior year: 13.5%
The Cost of College in 1989-90
- Average cost of a four-year public school: $1,700
- Public school cost increase from the prior year: 7.6%
- Average cost of a four-year private school: $8,660
- Private school cost increase from the prior year: 8.3%
The Cost of College in 1990-91
- Average cost of a four-year public school: $1,910
- Public school cost increase from the prior year: 12.4%
- Average cost of a four-year private school: $9,340
- Private school cost increase from the prior year: 7.9%
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The Cost of College in 1991-92
- Average cost of a four-year public school: $2,110
- Public school cost increase from the prior year: 10.5%
- Average cost of a four-year private school: $9,810
- Private school cost increase from the prior year: 5%
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The Cost of College in 1992-93
- Average cost of a four-year public school: $2,330
- Public school cost increase from the prior year: 10.4%
- Average cost of a four-year private school: $10,450
- Private school cost increase from the prior year: 6.5%
The Cost of College in 1993-94
- Average cost of a four-year public school: $2,540
- Public school cost increase from the prior year: 9%
- Average cost of a four-year private school: $11,010
- Private school cost increase from the prior year: 5.4%
The Cost of College in 1994-95
- Average cost of a four-year public school: $2,710
- Public school cost increase from the prior year: 6.7%
- Average cost of a four-year private school: $11,720
- Private school cost increase from the prior year: 6.4%
The Cost of College in 1995-96
- Average cost of a four-year public school: $2,810
- Public school cost increase from the prior year: 3.7%
- Average cost of a four-year private school: $12,220
- Private school cost increase from the prior year: 4.3%
The Cost of College in 1996-97
- Average cost of a four-year public school: $2,980
- Public school cost increase from the prior year: 6%
- Average cost of a four-year private school: $12,990
- Private school cost increase from the prior year: 6.3%
The Cost of College in 1997-98
- Average cost of a four-year public school: $3,250
- Public school cost increase from the prior year: 4.5%
- Average cost of a four-year private school: $14,710
- Private school cost increase from the prior year: 6.7%
The Cost of College in 1998-99
- Average cost of a four-year public school: $3,250
- Public school cost increase from the prior year: 4.5%
- Average cost of a four-year private school: $14,710
- Private school cost increase from the prior year: 6.7%
The Cost of College in 1999-2000
- Average cost of a four-year public school: $3,360
- Public school cost increase from the prior year: 3.4%
- Average cost of a four-year private school: $15,520
- Private school cost increase from the prior year: 5.5%
The Cost of College in 2000-01
- Average cost of a four-year public school: $3,510
- Public school cost increase from the prior year: 4.5%
- Average cost of a four-year private school: $16,070
- Private school cost increase from the prior year: 3.5%
The Cost of College in 2001-02
- Average cost of a four-year public school: $3,770
- Public school cost increase from the prior year: 7.4%
- Average cost of a four-year private school: $17,380
- Private school cost increase from the prior year: 8.2%
The Cost of College in 2002-03
- Average cost of a four-year public school: $4,100
- Public school cost increase from the prior year: 8.8%
- Average cost of a four-year private school: $18,060
- Private school cost increase from the prior year: 3.9%
The Cost of College in 2003-04
- Average cost of a four-year public school: $4,650
- Public school cost increase from the prior year: 13.4%
- Average cost of a four-year private school: $18,950
- Private school cost increase from the prior year: 4.9%
The Cost of College in 2004-05
- Average cost of a four-year public school: $5,130
- Public school cost increase from the prior year: 10.3%
- Average cost of a four-year private school: $20,050
- Private school cost increase from the prior year: 5.8%
The Cost of College in 2005-06
- Average cost of a four-year public school: $5,490
- Public school cost increase from the prior year: 7%
- Average cost of a four-year private school: $20,980
- Private school cost increase from the prior year: 4.6%
The Cost of College in 2006-07
- Average cost of a four-year public school: $5,800
- Public school cost increase from the prior year: 5.6%
- Average cost of a four-year private school: $22,310
- Private school cost increase from the prior year: 6.3%
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The Cost of College in 2007-08
- Average cost of a four-year public school: $6,190
- Public school cost increase from the prior year: 6.7%
- Average cost of a four-year private school: $23,420
- Private school cost increase from the prior year: 5%
The Cost of College in 2008-09
- Average cost of a four-year public school: $6,600
- Public school cost increase from the prior year: 6.6%
- Average cost of a four-year private school: $24,820
- Private school cost increase from the prior year: 6%
The Cost of College in 2009-10
- Average cost of a four-year public school: $7,070
- Public school cost increase from the prior year: 7.1%
- Average cost of a four-year private school: $25,740
- Private school cost increase from the prior year: 3.7%
The Cost of College in 2010-11
- Average cost of a four-year public school: $7,630
- Public school cost increase from the prior year: 7.9%
- Average cost of a four-year private school: $26,770
- Private school cost increase from the prior year: 4%
The Cost of College in 2011-12
- Average cost of a four-year public school: $8,280
- Public school cost increase from the prior year: 8.5%
- Average cost of a four-year private school: $27,880
- Private school cost increase from the prior year: 4.1%
The Cost of College in 2012-13
- Average cost of a four-year public school: $8,650
- Public school cost increase from the prior year: 4.5%
- Average cost of a four-year private school: $28,990
- Private school cost increase from the prior year: 4%
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The Cost of College in 2013-14
- Average cost of a four-year public school: $8,890
- Public school cost increase from the prior year: 2.8%
- Average cost of a four-year private school: $30,130
- Private school cost increase from the prior year: 3.9%
The Cost of College in 2014-15
- Average cost of a four-year public school: $9,150
- Public school cost increase from the prior year: 2.9%
- Average cost of a four-year private school: $31,280
- Private school cost increase from the prior year: 3.8%
The Cost of College in 2015-16
- Average cost of a four-year public school: $9,430
- Public school cost increase from the prior year: 3.1%
- Average cost of a four-year private school: $32,340
- Private school cost increase from the prior year: 3.4%
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The Cost of College in 2016-17
- Average cost of a four-year public school: $9,670
- Public school cost increase from the prior year: 2.5%
- Average cost of a four-year private school: $33,500
- Private school cost increase from the prior year: 3.6%
The Cost of College in 2017-18
- Average cost of a four-year public school: $9,980
- Public school cost increase from the prior year: 3.2%
- Average cost of a four-year private school: $34,700
- Private school cost increase from the prior year: 3.6%
The Cost of College in 2018-19
- Average cost of a four-year public school: $10,230
- Public school cost increase from the prior year: 2.5%
- Average cost of a four-year private school: $35,830
- Private school cost increase from the prior year: 3.3%
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This article originally appeared on GOBankingRates.com: Cost of College the Year You Graduated High School
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