According to the U.S. Bureau of Labor Statistics, prices for college tuition and fees were 1,461.32% higher in 2022 versus 1977 (a $33,245.07 difference in value).
Between 1977 and 2022: College tuition experienced an average inflation rate of 6.30% per year. This rate of change indicates significant inflation. In other words, college tuition costing $2,275 in the year 1977 would cost $35,520.07 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 3.56% during this same period, inflation for college tuition was higher.
Below are calculations of equivalent buying power for College tuition, over time, for $2,275 beginning in 1977. Each of the amounts below is equivalent in terms of what it could buy at the time:
Year | USD Value | Inflation Rate |
---|---|---|
1977 | $2,275.00 | - |
1978 | $2,353.89 | 3.47% |
1979 | $2,540.98 | 7.95% |
1980 | $2,783.07 | 9.53% |
1981 | $3,128.54 | 12.41% |
1982 | $3,548.96 | 13.44% |
1983 | $3,918.31 | 10.41% |
1984 | $4,319.69 | 10.24% |
1985 | $4,712.00 | 9.08% |
1986 | $5,093.44 | 8.09% |
1987 | $5,476.68 | 7.52% |
1988 | $5,893.78 | 7.62% |
1989 | $6,361.36 | 7.93% |
1990 | $6,874.87 | 8.07% |
1991 | $7,574.87 | 10.18% |
1992 | $8,389.42 | 10.75% |
1993 | $9,174.35 | 9.36% |
1994 | $9,814.81 | 6.98% |
1995 | $10,405.09 | 6.01% |
1996 | $10,993.87 | 5.66% |
1997 | $11,555.74 | 5.11% |
1998 | $12,043.87 | 4.22% |
1999 | $12,522.02 | 3.97% |
2000 | $13,039.77 | 4.13% |
2001 | $13,706.22 | 5.11% |
2002 | $14,641.36 | 6.82% |
2003 | $15,868.18 | 8.38% |
2004 | $17,371.55 | 9.47% |
2005 | $18,668.48 | 7.47% |
2006 | $19,919.78 | 6.70% |
2007 | $21,166.04 | 6.26% |
2008 | $22,486.07 | 6.24% |
2009 | $23,837.35 | 6.01% |
2010 | $25,075.60 | 5.19% |
2011 | $26,335.41 | 5.02% |
2012 | $27,612.67 | 4.85% |
2013 | $28,778.93 | 4.22% |
2014 | $29,841.98 | 3.69% |
2015 | $30,877.52 | 3.47% |
2016 | $31,708.56 | 2.69% |
2017 | $32,342.30 | 2.00% |
2018 | $33,057.51 | 2.21% |
2019 | $34,001.39 | 2.86% |
2020 | $34,469.30 | 1.38% |
2021 | $34,768.79 | 0.87% |
2022 | $35,520.07 | 2.16% |
2023 | $36,204.04 | 1.93% |
2024 | $36,776.95 | 1.58%* |
* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for College tuition and fees:
Year | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
CPI | 57.900 | 59.908 | 64.669 | 70.831 | 79.623 | 90.323 | 99.723 | 109.938 | 119.923 | 129.631 | 139.385 | 150.000 | 161.900 | 174.969 | 192.785 | 213.515 | 233.492 | 249.792 | 264.815 | 279.800 | 294.100 | 306.523 | 318.692 | 331.869 | 348.831 | 372.631 | 403.854 | 442.115 | 475.123 | 506.969 | 538.687 | 572.283 | 606.674 | 638.188 | 670.251 | 702.758 | 732.440 | 759.495 | 785.850 | 807.000 | 823.129 | 841.332 | 865.354 | 877.263 | 884.885 | 904.005 | 921.413 | 935.994 |