Word: tuition
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Dates: during 1990-1999
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Because of competition, however, tuition reimbursement has become as much a necessity as tenure and summers off. Such programs will become costlier now that the Federal Government has decided to stop picking up the tab for the portion once classified as indirect costs. The money will have to come from somewhere--namely Penn's various sources of general revenue, including tuition...
...well-heeled parents who pay the full freight at Penn help support not only other, needier students but also the tuition reimbursements of very comfortable professors. They pay again through federal taxes to help cover the costs of federal financial-aid programs. And if they live in Pennsylvania, they pay yet again, through taxes that not only produce the $36 million state appropriation that went directly to Penn last year but that also subsidize the state's public colleges and universities...
Tenure remains sacred; so does tuition reimbursement. But John Fry, executive vice president for finance, questions whether Penn's reimbursement program should cover graduate as well as undergraduate studies, a generous benefit not often provided at other institutions. "We want to be market competitive," he says, "but at the same time, we shouldn't be excessive...
...Penn ever cut its tuition? Probably, and without the loss of a single program. In October the board of Penn's medical school debated eliminating tuition entirely. To ease the cost to undergraduates, Penn could resolve to spend annually a full 5% of its endowment or boost the amount to, say, 6%, a level some universities consider normal. With its $2 billion endowment, Penn, if it increased its spending just 2 percentage points, could generate an extra $40 million, enough to reduce the tuition of each undergraduate by $4,000. Harvard, with its $9 billion endowment, is in an even...
...trickier question--one that shows the Chivas Regal effect hasn't quite burned off--to pose to a university executive is, If you could cut tuition without sacrificing anything, would...