$54.06, 1961

I just read an article in this week’s Rice News about how our great Openstax project is saving students money on textbooks and I immediately remembered this clipping from the start of fall semester in 1961. I found it years ago and scanned it for no particular reason, a decision which has now turned out very nicely for me.

$54.06 was a pretty good chunk of change in 1961. You don’t want to know what the prices look like these days.


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3 Responses to $54.06, 1961

  1. William Johnson says:

    In May 1958, after 5 years at Rice, total out of pocket cost to me was about $6.300. My son spent that much at Rice in about 5 months.

  2. Galloway Hudson '60 says:

    Army ROTC juniors and seniors received ninety cents per day from the gummit in the late 50s for signing up for the final two years of ROTC. Those $27.00 (+ or -) monthly checks were most welcome back then.

  3. grungy1973 says:

    $446 in today’s dollars, according to an https://www.usinflationcalculator.com .
    I would venture that the textbooks for the equivalent classes would cost a LOT more than $446 now.
    I would also venture that it’s not the authors of the recent textbooks that are raking in those dollars.

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