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Inflation certainly played a role. Using the CPI (consumer price index), what cost $1 in 1970 took $6.19 to buy in 2014. A six-fold increase.
In the same time period, a 4-year state school college education went from $4,800 to $160,000. A 33-fold increase.
In the same time period, a 4-year state school college education went from $4,800 to $160,000. A 33-fold increase.
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