College costs: 1975

 The cost of this Mustang in 1975 was around $3,500 (or $15,401 in 2014 dollars)

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Adjusted to 2014 dollars: The median U.S. household income in 1975 was $51,923, with families spending 14.2% of their income on public university ($7,938 sticker price, annually) or 31.7% on private university $16,475 sticker price, annually).

Also in 1975...

  • John Mitchell, H. R. Haldeman and John Ehrlichman are found guilty of the Watergate cover-up.
  • Wheel of Fortune premiers on NBC
  • The Rocky Horror Show opens on Broadway, and closes after 45 performances
  • Bill Gates and Paul Allen found Microsoft in Albuquerque, New Mexico
  • Teamsters Union president Jimmy Hoffa is reported missing
  • Fugitive Patty Hearst is captured in San Francisco
  • Muhammad Ali defeats Joe Frazier in a boxing match in Manila, Philippines
  • Peter Gabriel departs Genesis, and is replaced on lead vocals by drummer Phil Collins
  • "The Godfather Part II" wins Best Picture
  • "Love Will Keep Us Together," by The Captain and Tennille is the #1 song

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