Word: tuitional
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More along these lines is heading our way. The Administration hopes to harness our inertia with its automatic pension plan, a major step toward universal savings accounts, and by dramatically simplifying applications for federal tuition aid. Its push to computerize health-care records - another big-ticket stimulus item - could make generic drugs and cost-effective procedures our default treatments. And seniors who don't select health-care or drug plans could be automatically enrolled in low-cost options. "It would be nice if we all behaved like supercomputers, but that's not how we are," Orszag says...
...admissions office for choosing such an extremely diverse group. The accepted class includes a record 10.9 percent Latinos, 10.8 percent African Americans, and 17.6 percent Asian Americans and comes from a record 82 different countries. Almost a quarter of the class is eligible for free or reduced tuition under Harvard’s scholarship program for families making less than $180,000 a year. We have high expectations for next year’s freshmen and are looking forward to seeing many excited new faces on campus...
...issue has resurfaced recently, with fertility clinics and egg-donation agencies across the country reporting a precipitous increase in applicants seeking to donate eggs - as high as 55% over the past four months compared with the same period last year. With college students struggling to pay tuition and young homeowners facing foreclosures, much has been made of the potential economic benefits of donation, a term that belies its lucrativeness: egg donors can earn about $5,000 per donation, with thousands more in premiums for eggs from women with exceptional looks, high SAT scores or an Ivy League diploma...
...tall order for all but a handful of mega-wealthy schools, and as colleges decide how much they can afford to give, many worry they won't have enough to attract a full freshman class. Because private undergraduate colleges draw an average of 60% of their operating costs from tuition revenue, a student shortfall could cause a painful budget crunch, forcing schools to cut programs, slash faculty salaries and potentially raise tuition for students already enrolled. With admissions letters in the mail, many colleges are as nervous as the high school seniors waiting for word. Nailing the target class size...
...what happens if in the end, a college can't book a full flight? Glotzbach says the possibility is remote, but Michael Casey, Skidmore's vice president for advancement, estimates that because 80% of the school's funding comes from tuition, any single student's absence could punch a $25,000 to $30,000 hole in the operating budget. And it's possible that the sophomore, junior and senior classes could shrink as well. Shorb has already received about 60 new financial-assistance requests from currently enrolled students, five times as many as in a typical year...