Tuition at Stanford University in 1980-81 was $6,285. Thirty years later, Stanfordâ??s tuition had risen to $38,700. Tuition in 2011-12 is $40,050. If the cost of milk had grown at the same rate, a gallon of milk would now cost approximately $15.
I havenâ??t yet purchased $15 gallons of milk, but as a college advisor I have counseled many students who are charged $50,000 per year for tuition, fees and campus housing.
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