A report by the National Center for Public Policy and Higher Education stated that tuition and fees

Question:

A report by the National Center for Public Policy and Higher Education stated that tuition and fees (T&F) at public colleges and universities increased by 439% over the last 25 years. During this same time period, the median family income (MFI) rose 147%. When the report was written, T&F at a 4-year public university constituted 28% of the MFI of $52,000 (tuition and fees at a private university constituted 76% of MFI).

(a) What was the tuition and fee cost per year when the report was written?

(b) What was the T&F cost 25 years ago?