The average cost of college (tuition room and board) in 1977 when Bok would have been 25) was $2,411 and $3101 four years later. Adjusted for inflation this is an average of $11,468 and (per www.usinflationcalculator.com). In 2022, the in-state public college average for TR&B was $27,330 per year. Four years of college today averages roughly $109,320 and four years in Bok’s day $45,872. That’s 2.3 times the cost Bok would have spent. Putting it all in perspective the $10,000 forgiveness makes it now only 2.1 times the cost—not much of a subsidy of the cost of college by the government. The way Bok and rest are howling you’d think Biden is giving away the farm. Get a clue Bok.
The average cost of college (tuition room and board) in 1977 when Bok would have been 25) was $2,411 and $3101 four years later. Adjusted for inflation this is an average of $11,468 and (per www.usinflationcalculator.com). In 2022, the in-state public college average for TR&B was $27,330 per year. Four years of college today averages roughly $109,320 and four years in Bok’s day $45,872. That’s 2.3 times the cost Bok would have spent. Putting it all in perspective the $10,000 forgiveness makes it now only 2.1 times the cost—not much of a subsidy of the cost of college by the government. The way Bok and rest are howling you’d think Biden is giving away the farm. Get a clue Bok.