Word: tuition
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...years ago, just about anyone with a high school diploma could win admission to the University of Louisville. And with tuition rates among the cheapest in the country for four-year schools, most students could afford...
...decade later that improvement has come at a high price, literally. Sure, hundreds of millions of dollars in research money have poured in and Louisville now welcomes an incoming student class with much higher test scores, but those fortunate enough to be accepted must pay a much steeper tuition; in just the last three years, the annual in-state undergraduate tuition has grown 40%, to $6,252 this academic year. "We have had to raise tuition each of the last four or five years," says University of Louisville president James Ramsey. "And in most of those years, there has been...
...later today the school's trustees are expected to do something about it. Following the example of the University of North Carolina-Chapel Hill, Louisville is joining more than two dozen other schools that have begun promising a free education - books, tuition, and room and board - to students from poor families. Students accepted at Louisville who meet income guidelines will be guaranteed that if federal aid won't cover their costs - all of them - the universities will make up the difference. Schools like Miami of Ohio and UNC-Asheville have adopted similar programs...
...Officials at Louisville and North Carolina say universities are trying to get the message out that poor students can still afford college even as tuition is increasing and federal aid is shrinking. "It's like buying a car. There is a big difference between the sticker price and what you actually pay," Ramsey said. "We think there is a lot of aid that these students already qualify for, but they are being scared away from even applying. By guaranteeing they can go to school for free, we're hoping more of them will take the time to apply...
...problem of rising tuitions hardly surprises Jennifer Pae, the president of the United States Student Association. The 2005 graduate of the University of California at San Diego said students feel pinched from every direction. Federal grants are down, student loan interest rates are up, and tuition continues to rise. "We're seeing students across the U.S. locked out of an education," she said. "Federal aid, especially, has decreased. Students are having to work two and even three jobs to make...