Scholarships360 reposted this
College Access & Affordability at Scholarships360.org | Former Admissions Officer & School Counselor
I recently found a 1987 copy of "The Insider's Guide to the Colleges." The intro of the book included the line "As costs at the most expensive private colleges approach the $15,000 mark, fewer and fewer families can foot the bill without some sort of student aid." It's pretty wild to go back in time and see colleges costs, acceptance rates, and enrollments from over 35 years ago. Here were a few colleges that stood out (with stats from the 1986-1987 academic year): Amherst College 💰 Tuition: $10,200 🎓 Acceptance rate: 21% Case Western Reserve University 💰 Tuition: $8,300 🎓 Acceptance rate: 88% Massachusetts Institute of Technology 💰 Tuition: $11,000 🎓 Acceptance rate: 31% University of Miami 💰 Tuition: $7,800 🎓 Acceptance rate: 73% Harvard University 💰 Tuition: $10,600 🎓 Acceptance rate: 16% Kenyon College 💰 Tuition: $9,330 🎓 Acceptance rate: 69% New York University 💰 Tuition: $8,700 🎓 Acceptance rate: 55% University of North Carolina at Chapel Hill 💰 Tuition: $800 for in-state, $3,400 for out-of-state 🎓 Acceptance rate: 53% Northeastern University 💰 Tuition: $7,000 🎓 Acceptance rate: 70% University of Southern California 💰 Tuition: $9,700 🎓 Acceptance rate: 60% Stanford University 💰 Tuition: $10,500 🎓 Acceptance rate: 16% Wake Forest University 💰 Tuition: $6,000 🎓 Acceptance rate: 47% Washington University in St. Louis 💰 Tuition: $9,200 🎓 Acceptance rate: 82% If there's a college you're curious about, let me know in the comments and I'm happy to share the stats!
Pretty wild, indeed.
Now I’d like to see $salaries$ for college graduates back then vs today and how they compare to college costs.
We could've used some of that $6,000 tuition 😅
Ooo would’ve loved a Kenyon education at less than 10k
Educational Consultant
1moHa! That's a blast from the past - and maybe a sad reality check for how expensive college has become. 😐 That's a reality my nephew is currently living - but he & his parents are making it work. 😊 I remember being a high school senior (1989-90) and thinking about applying to MIT (then the most expensive college in the country). I was like, "Well I don't think I can get in, and [not being a family of any great means] we can't afford it." My father told me, "Getting in is your job, figuring out how to pay for it is mine." So I did - and we did. MIT ultimately wasn't a good fit (an object lesson in doing your college research!), and I ended up switching to another (expensive) college - one that fortunately was incredibly generous with its financial aid. So I have a lot of empathy for the students & families I work with, and try to take my lessons learned and apply it to that work. Thanks for the trip down memory lane!