College costs in 1959 vs the pain of today: What changed (and by how much)

Rising college costs from 1956 to 1977, with projections for future expenses.

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College costs in the 1950s and ’60s will make your wallet cry

College in the mid-20th century definitely came with costs — tuition, room and board and other expenses — but when you adjust for inflation, the totals were still far lower than what most students and families face now. We’ve found some actual numbers reported in the 1950s and ’60s, and they show a clear shift in how much college costs have grown over time. Seeing those amounts in context helps make sense of just how much has changed — and how quickly.

How much did college cost in the 1950s and ’60s?

In 1959, Newsweek reported that room and board at many colleges ran between $605 and $1,100 a year, with most falling in the $700–$800 range. Even with tuition added in, many students paid less than $2,000 per year. U.S. News & World Report followed up in 1967 with a broader view: Colleges were spending around $2,222 per student each year at public institutions, and $3,414 at private ones. Those figures included educational expenses, not necessarily the full amount students paid — but they’re still useful for showing how much lower costs were overall.

Sweet Briar students standing by the library card catalog, 1967

To get a more complete picture, we turned to data from the National Center for Education Statistics. In the 1968–69 school year, the full cost of attendance (including tuition, fees, room and board) at a 4-year public college was about $1,245. At a private nonprofit school, the full cost was $2,520. When adjusted for inflation, that’s about $11,400 and $23,100, respectively, in 2020–21 dollars.

By comparison, the full cost of attendance in 2020–21 had climbed to $22,180 for public 4-year colleges and $50,770 for private nonprofit ones. So even when adjusted for inflation, the total cost of college roughly doubled at public schools and more than doubled at private ones.

College costs were structured differently back then, too. More of the price was covered through public funding, and financial aid leaned more toward grants than loans. Most students didn’t leave school in debt, and for many families, it was possible to pay as you went — especially if a student worked part-time or lived at home. The costs were real, but the financial pressure was lighter.

Wondering exactly how much it cost to go to college back when your parents or grandparents were applying? Below, we’ve pulled together some data reported from the 1950s and 1960s, showing how quickly things can change in just a couple of generations.

SEE MORE: Inflation calculator: See how much the dollar was worth years ago

College tuition in 1959: Not-so-crowded colleges

From Newsweek – May 11, 1959

Room and board at these colleges run from $605 to $1100, with most in the $700-$800 range

College tuitions in 1959


The rising cost of educating a college student

From US News and World Report (September 18, 1967)

Average expenditures of colleges per student for a full year

rising-cost-educating-college-student-1967

In public colleges

1956-57: $1,834
1966-67: $2,222
1976-77 (projected): $2,575

In private colleges

1956-57: $1,892
1966-67: $3,414
1976-77 (projected): $4,870

Source: US Office of Education


Soaring outlays in US for higher education

Total yearly expenditures by all colleges

Higher education has become one of the country’s biggest and fastest-growing industries, with total expenditures of nearly 17 billion dollars a year. In just 10 years, the college and university outlays have more then trebled.

soaring-outlays-for-higher-ed-1967

Public colleges

10 years ago: $2.9 billion
Now (est.): $9.7 billion
Increase: $6.8 billion

Private colleges

10 years ago: $2.0 billion
Now (est.): $6.9 billion
Increase: $2.9 billion

Total

10 years ago: $4.9 billion
Now (est.): $16.6 billion
Increase: $11.7 billion

Source: US Office of Education

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