Actually, what buys that education is Berea’s $1.1 billion endowment, which puts the college among the nation’s wealthiest. But unlike most well-endowed colleges, Berea has no football team, coed dorms, hot tubs or climbing walls. Instead, it has a no-frills budget, with food from the college farm, handmade furniture from the college crafts workshops, and 10-hour-a-week campus jobs for students.
Tuition and fees at public and private colleges and universities rose at more
than double the rate of inflation, the College Board said in reports released
this morning.
College administrators say public universities are increasingly tacking on
fees for the same reasons that some are experimenting with differential
tuition for different majors: state support for higher education has
languished, and legislatures shy away from approving tuition increases.
Fees can often be set by individual campuses.
Concerned that the barriers to elite institutions are being increasingly drawn along class lines, and wanting to maintain some role as engines of social mobility, about two dozen schools — Amherst, Harvard, Princeton, Stanford, the University of Virginia, Williams and the University of North Carolina, among them — have pushed in the past few years to diversify economically.
A report released Monday says that "despite all the hype, only 16.4% of incoming students in 2006 reported that rankings were very important in their decision to attend their particular college." That's up steadily from 10.5% in 1995, the first year the question was posed.
This is the time of year when colleges send their decisions and many high
school counselors console, cheer up and otherwise try to help this year’s
seniors.
The U.S. Education Department’s National Center for Education Statistics
says the number of graduating high school seniors will peak at 3.3
million in 2011 and decline only slightly to 3.2 million by 2016. Most
educators predict that the percentage of those students going to college
—about 67%--will increase and make the college application process
even more stressful.
Harvard College rejected 91 percent of applicants for the coming academic
year, the highest rate in its history, after an expansion of financial aid
encouraged more applications.
Davidson College announced Monday it will eliminate loans from its need-
based financial aid packages and replace them with grants and work study,
a move school officials said would allow students to graduate debt-free.
RSS for Tags: higher education + financial aid
Actually, what buys that education is Berea’s $1.1 billion endowment, which puts the college among the nation’s wealthiest. But unlike most well-endowed colleges, Berea has no football team, coed dorms, hot tubs or climbing walls. Instead, it has a no-frills budget, with food from the college farm, handmade furniture from the college crafts workshops, and 10-hour-a-week campus jobs for students.
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