According to the U.S. Bureau of Labor Statistics, prices for college tuition and fees were 374.47% higher in 2018 versus 1990.
Between 1990 and 2018: College tuition experienced an average inflation rate of 5.72% per year. This rate of change indicates significant inflation. In other words, college tuition costing $20,000 in the year 1990 would cost $94,894.92 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.34% during this same period, inflation for college tuition was similar.
In the year 1990: Pricing changed by 8.07%, above the average yearly change for college tuition during the 1990-2018 time period. Compared to inflation for all items in 1990 (5.40%), price inflation for college tuition was higher.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for College tuition and fees: