Word: tuitions
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Silva says the cost of health benefits is one of the biggest factors behind skyrocketing tuition rates, and "nobody wants to talk about expanding health coverage...
...sign of good faith," according to Daniel Steiner '54, vice president and general counsel for Harvard. The colleges have wisely realized that the worst thing they could do politically is antagonize the Department of Justice, which two years ago launched an antitrust investigation of their approaches to tuition, faculty salaries and particularly financial aid packages...
...will have to come from some-where. Universities have fixed budgets like everyone else. The money won't bite into the endowment or current salary contracts. Universities will make up their deficits by cutting unnecessary (and perhaps necessary) programs, reducing staff, eliminating research grants, decreasing library development and hiking tuition. Students would suffer from these cuts. Of course, students on financial aid are already forced to work a certain number of hours a week. They are often unable to exercise the full range of academic and extracurricular options Harvard has to offer, anyway...
...Perhaps tuition will continue to climb in order to keep up with the increased need for funds. So be it. Those who can pay will pay. Those who can't pay will get help. Financial aid will continue to have its redistributing effects...
...longer messianic, the way it was in the '60s, but relatively pragmatic. That may give the present mood a greater staying power." That's good, because the American generation now reaching middle age has a lot of promises to keep -- not to mention mortgages to carry, tuition to pay and lawns to mow. No wonder they want to keep it simple...