Word: tuitions
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However, despite the high cost of tuition, another study out last week by the National Association of College and University Business Officers (NACUBO) showed that tuition does not come close to covering the actual cost of a college education...
NACUBO has been studying the tuition as part of its “Cost of College Project,” which hopes to define a formula for figuring out the true cost of a college education to the institution and includes everything from research and faculty salaries to electricity and heating costs...
NACUBO’s project, which studied the actual cost of an undergraduate education at more than 140 colleges and universities—including about 10 community colleges—found only two private colleges where tuition exceeded the cost of the education...
...some schools, that number exceeded tuition by up to 20,000 dollars...
...same vein, public universities usually spent 7,000 to 15,000 dollars per undergraduate, with tuition covering only about half the cost in some cases...