Word: tuitions
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...keeps his hip-hop clothes and prized hair gel. Neighbors whisper that his foster father beats him, but there is nowhere for the 14-year-old boy to go. School is out for the former honor-roll student: his foster father recently lost his job and Jaime's $10 tuition was the first expense to be cut. "I'd like to go to America," he says. "You can go to school, even if you're black and poor...
According to Ron Ehrenberg, director of Cornell's Higher Education Research Institute and author of Tuition Rising: Why College Costs So Much, Princeton's move (a shift of $16 million a year in resources) is triggering similar deals at Harvard, Yale and M.I.T. Last week Dartmouth announced that grants for next year's freshmen will increase an average of $1,750 per student. Jim Bock, acting admissions dean at Swarthmore, says Princeton's move "raises the bar," adding, "We're always refining our policies...
This is the second time in three years Princeton has stolen a march in the tuition wars. In 1998 the university announced it would no longer count the value of an applicant family's home as part of the formula it uses to determine financial need. That change allowed many applicants to qualify for a few thousand dollars more...
...first, the collapse of the scholarship cartel seemed a good thing. With tuition at private colleges soaring nearly 75% during the 1990s alone, a little price competition among them seemed in order. In fact, market forces had been at work in college admissions for at least a couple of decades among the less competitive institutions, some of which needed to charge lower prices just to fill their classrooms. But since the lawsuit, a growing number of selective colleges--those whose applicants outnumber their available slots--have begun offering financial incentives regardless of need...
...Many dodge the discount label by proffering merit scholarships that are endowed by private donors and have set qualifications: Emory offers the Scholars Program; Washington University in St. Louis, Mo., has its Honorary Scholars program. The private University of Rochester offers any New York State resident a $5,000 tuition break--one that just happens to make Rochester financially competitive with the better of the campuses of the State University of New York, to which it often loses applicants...