When I was but a wee "yute", I had the opportunity to attend (didn't graduate, another story, don't judge me) one of the finest public engineering colleges in the country.
Back then, a mere 25-30 years ago, a full year of tuition for an OUT-of-state student was $6000. Today, that same college charges $25K.
Outrageous, you say? Oh, it gets better. Try going to UNH where IN-STATE tuition for a liberal arts degree is the same $25K/year.
Meanwhile, down in Massivetwoshits, the liberal chattering classes on Beacon Hill and Cambridge are all agog over Fauxcahontas and her railing against the eeeeee-villlle 1-percenters, despite the fact she made a whopping $350K/year to teach ONE class. ONE. And half the time, I suspect the grad TA's were doing her heavy lifting.
But hey, Haaaaaahhhh-vad is an "elite" school, dammit! Well, of course they are. Tuition there is on the order of $40K/year with a total cost of attendance (depending on travel and personal expenses) of over $60K/year.
From an edition of the 1963 CRIMSON:
Harvard's last tuition rise came in the fall of 1961, when the present rate of $1520 (including health service fees) went into effect. The $200 increase followed a rise in faculty salaries of $500,000 in the previous year.
For the record, the health services fee is a separate charge today--surprise!
So, given the CPI, had Harvard tuition followed it, a year's tuition would now cost about $10,000. But wait--it's FOUR TIMES THAT!
Conundrum of conundrums, DUmmies! How ever did it get so high???
I leave it to you, the "smratest" persons on the Innerwebz, to figure that one out.