HIGHER EDUCATION BUBBLE UPDATE: Cost of attending law school in 1960, adjusted for inflation:

Median annual tuition and fees at private law schools was $475 (range $50-$1050); adjusted for inflation, that’s $3,419 in 2011 dollars. The median for public law schools was $204 (range $50 – $692), or $1,550 in 2011 dollars. [For comparison, in 2009 the private law school median was $36,000; the public (resident) median was $16,546.]

I knew tuition inflation had wildly outrun general inflation, but this really brings it home.