When classes officially began on Tuesday, many in-state undergraduate wallets were $8,374 lighter after paying tuition and fees. Over the past four years, tuition has increased about $2000. However, a century ago, the cost of attending UNC held steady for 38 years. Between 1886 and 1924, tuition was only $60 for in-state students. The advertisements from a 1900 issue of the Fisherman & Farmer and an 1887 issue of The Progressive Farmer provide information about the University of North Carolina at Chapel Hill, including tuition and available curriculum.
Using an inflation calculator to adjust prices according to the historical Consumer Price Index data, a tuition payment in 1900 of $60.00 would be around $1,654 in today’s currency. The second advertisement lists room and board in 1887 at $5.00, which would be around $138.00 for a modern semester. In addition to this, education demand has gone considerably up as teaching faculty increased from 38 in 1900 to 3,696 active faculty in 2013. The newspaper images were obtained from Chronicling America.