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Though Williams College officially began the process of coeducation in the late 1960s, women integrated the college as early as the 1930s. Beatrice Irene Wasserscheid (née Acly) was the first woman to be awarded a Williams degree after successfully petitioning the trustees to pursue a master of arts degree in American literature. [26]
Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
In the past, you could deduct college expenses using the Tuition and Fees Deduction. But this deduction was phased out in 2020, and instead there are several college credits that have expanded.
Among parents with a child attending college, fewer than half (44%) felt prepared to make the first tuition payment for their child, according to a 2024 survey from College Ave. Published tuition ...
Schools have also taken action for the sake of students. Harvard University, a well-known costly but wealthy institution that had previously cut tuition for students whose families earned less than $60,000 a year, proceeded to cut costs by nearly fifty percent for those students whose families earned between $120,000 and $180,000 a year. [21]
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