Word: tuitions
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It’s easy to complain about the 4.9 percent tuition hike for Harvard undergraduates announced last Thursday. None of us (or our parents) are particularly excited about paying $1,681 more next year, especially with our $18.3 billion endowment far exceeding that of any other school in the nation...
Despite these understandable grumblings, tuition will inevitably rise as the University expands and improves undergraduate education in addition to keeping pace with inflation. We may not enjoy paying more every year, but we do enjoy more freshman seminars, a larger Faculty and expanded financial aid—the administration’s well-publicized selling points. Nevertheless, the University has a history of raising the financial burden on undergraduates without a commensurate rise in the quality of their educational experience; this year’s hike is symptomatic of a larger problem...
...generation ago, Harvard graduates paid less than half of the tuition we will be expected to produce when term bills are mailed out this summer. In 1982, tuition was $6,930, which comes out to $12,720 in inflation-adjusted 2002 dollars. Next year, we will pay $25,954 in tuition alone. During this same period, the inflation-adjusted endowment climbed more than six-fold, from just under $3 billion in 1982 ($1.6 billion before inflation) to $18.3 billion today. Although Harvard is certainly not alone in tuition hikes far outpacing inflation—many top private Universities have similar...
Cornell leads the Ivies with a 5 percent increase in tuition next year. Princeton and Yale, at 3.9 percent, boast the lowest increase in the league. And at Dartmouth, next year’s 4.4 percent increase represents the first time in over a decade that tuition at that school has increased by more than 3.5 percent...
Donahue noted this increase in the next year’s scholarship budget is greater than the increase in the tuition for next year...