California’s Rising Cost of Tuition
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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...
UPDATED: Jul 18, 2021
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California’s rising cost of tuition has been on a steady upward trajectory over the past 30 years. That fact should be of little surprise to anybody though, as past precedence has shown that the value of the dollar rises over time in a healthy economy. Just look at the level of today’s minimum wage when compared with the level seen 10, 20, or 30 years ago.
However, the trajectory of California’s cost of tuition has been much steeper than what some may call “healthy.” The infographic below is based on the details found in our recent study surrounding California’s cost of tuition. This visual compares the costs of a Bachelor’s degree today when compared to the cost of a Bachelor’s degree 30 years ago. Present students are receiving the same “product” that past students received, but today’s scholars are paying (in some cases) near 2000 percent more. However, their dollar has only increased by a fraction of that amount.
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