Is Education Killing the American Dream?
There are so many thoughts about this topic. Defining the American Dream became the tipping point. How does the current system of academics help/deny the dream to those involved both in the instructional and learning sectors? This week, we explored, but we found more hills on top of the mountain in this adventure.
What are your thoughts? Tell us! EducationalTriage@gmail.com
To calculate how much more college costs for the average student in public and private schools than it did in 1978, adjusted for inflation, we need to consider the percentage increase in tuition and fees from 1978 to 2020 and then adjust for inflation.
According to the College Board, the average published tuition, and fees (in constant 2020 dollars) for the 1978-1979 academic year were approximately:
Public four-year institutions: $3,190
Private nonprofit four-year institutions: $12,680
For the 2019-2020 academic year:
Public four-year institutions: $10,560
Private nonprofit four-year institutions: $37,650
Using these figures, we can calculate the percentage increase in tuition and fees for each sector and then adjust for inflation. Let us use the Consumer Price Index (CPI) to adjust for inflation.
First, we will calculate th
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