Word: tuitions
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...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...
...Senate voted last week by a narrow margin to increase federal funding for college tuition by $250 billion over the next 10 years. But the increase will be mostly symbolic for need-blind colleges like Harvard...
Over the next two years, Harvard's tuition will most likely increase and, in effect, absorb the extra $340,800 added to Harvard's coffers with Pell Grant money, Donahue said...
...caught playing catch-up for long. So I’d like to propose a new financial aid formula—you economists like formulas, don’t you?—to use for financial aid. If family income after taxes < $100,000 x # of children/family then tuition, room and board are free. Absolutely free. No loans, no mandatory work-study, no restrictions. Just plain free. It’s a nice word, Larry...