And what this chart shows is that in 1963, the total cost of a four year undergraduate degree in a public college was about $929 per year. That's room, board, and tuition. Now, By 1988, the actual cost had risen to $4,678, which was 27% higher than had it just grown at the rate of inflation. But you can see as of 2012, the cost of college outstripped the rate of inflation by almost two and a half times. (01:16–01:28)
CLAIM
Asserts that by 1988, college costs were 27% higher than if they had only grown with inflation.
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