I’ve been out of college for a few years now, and it amazes me how much things have changed in the short time since I’ve been gone. A lot of things are much tougher. I don’t envy you guys’ tuition hikes. See the chart below from CNN Money:
No, I wasn’t getting out of college in the mid-80′s, that’s just the starting point of the scariest chart I could find. Let’s try not to think about what it’s going to cost to put our kids through school.
But there’s a lot I do envy about current college students. The main thing? You all have options. When I was in college, I bought all my books from the campus bookstore, so I was totally at the mercy of their pricing. I’d buy an $80 history book and sell it back at the end of the term for around $5 or $6. A few times I managed to get a book off somebody who had just finished a class, but that was about as savvy as anyone got. You could buy textbooks online, and a number of people did, but it wasn’t nearly as commonplace as it is today.
Nobody rented out textbooks though. That’s a new one. I hope current college students know just how lucky they are to have this as an option. (more…)