Harvard, Dartmouth, Bowdoin, Bates, & Colgate All Cost Under $250 Per Year in 1920
There is no need to go on a diatribe about the rising cost of college tuition. Instead, let’s go back to the Brooklyn Daily Eagle newspaper from nearly 100 years ago (August 25, 1921). The headline read. Demand For Higher Education Increases in Face of Higher Cost of Tuition and a Slackening Demand For Help.
What exactly were those higher costs?
College 1921 Tuition
University of Georgia FREE
University of South Carolina $40
William and Mary College $50
Clark University $100
Bates College $125
Bowdoin College $150
Johns Hopkins University $150-250
Dickinson College $160
University of Vermont $175
Colgate University $180
Boston University $225
Dartmouth College $250
Harvard University $250
Tufts College $250
To give some scale to these tuition costs, the average annual salary of a civil service employee was $1,220 (male), $1,047 (female). Ranges for clothing workers were between $1,100 – $2,500 per year. Rectors and ministers were paid about $2,300 per year. A locomotive engineer made about $3,300 per year. A buyer for a major department store could make as little as $1,000 and as much as $15,000 per year, but the majority made between $5,000-$10,000.
Today college costs have grown to a point that they are completely out of whack with the rest of the economy. Top private colleges charge between $45,000 – $55,000 per year and that does not include room, board, books and other fees. Continue reading