Furman's Annual Tuition Has Increased More Than %10,000 Since 1960

How has Furman's tuition changed since 1960?

Welcome to the Data Din. A sharp, visual snapshot of key data about Furman University

This week, we are looking forward to seeing many of you at Furman’s homecoming celebration this Saturday. As a reminder, the Furman Free Speech Alliance will have a tent on Furman’s rugby field and be serving Henry’s BBQ to our fellow Paladins. All are welcome!

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As we all head back to our old alma mater, we thought it would be fun to consider how Furman’s cost of annual tuition has changed over time. So, we dug through the old archives and university bulletins to find out.

Here are the resutlts!

Furman’s tuition cost $550 per year in 1960. It was $1,256 in 1970. In 1980, it ran you $3,008. By 1990, it reached $9,024. It had increased to $17,888 by 2000. In 2010 it came out to $36,296. And by 2020 it hit $51,712. Today, it is $61,034.

This is a dramtic increase, even when compared to the average cost of other private colleges’ tuition and fees.

It is also a much more drastic percentage increase in price than almost any other service or product over that same time period. Consider:

• A Big Mac cost 45 cents in 1960. Now, it costs $5.79. That’s a %1,187 increase.

• A gallon of gas cost .31 cents in 1960. Now, it costs $3.30. That’s a %965 increase.

• A gallon of milk cost $1.00 in 1960. Now, it costs $4.17. That’s a %317 increase.

But Furman tops them all. It has increased in price %10,997 since 1960.

What year(s) did you go to Furman and how much did tuition cost? Let us know in the comments!

Looking forward to seeing you all on Saturday. Go Dins!