The challenges of balooning tuition
Apr 16th, 2005A story at the Yale Daily News on rising tuition rates at Yale which compares to rising rates across the U.S.
In 1940, candy cost a penny, movies cost a nickel and Yale's tuition cost $50. Today, students are lucky to buy a Twizzler or a movie ticket without having to apply for debt relief, let alone four years at an Ivy League school, said retired business teacher and free-lance writer Marjorie Wolfe, whose chronology of higher education expenses charts a rise of what she called "exorbitant fees in the megabucks."
Yale College tuition for the 2005-2006 academic year was set at $31,450, part of a total $41,000 term bill, University spokesman Tom Conroy announced two weeks ago. Yale tuition had grown to $2,550 by 1970 and $6,210 in 1980, according to Wolfe's figures. This growth was followed by a period of unparalleled increases in Yale's tuition resulting from costly renovations projects, Deputy Provost Charles Long said. While Yale College tuition nearly doubled in real dollars from 1981 to 1998, the proportion of undergraduates getting financial aid rose only slightly, from 37 percent to 41 percent, according to data from Yale's Office of Institutional Research.
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