Thursday, May 15, 2008


This is something that was never pointed out to me before. For all its talk about giving its students good financial aid deals in the past few years Harvard, and several other similar schools, have really been ripping off students.

"For what's been estimated to be about $300 million a year (less than 1 percent of their endowment's value) Harvard could completely waive tuition, room and board for every single one of their students. Instead, they announced an increase in those fees of about 3.5 percent for next year. Being a student at Harvard will now cost a staggering $47,215 a year."

Universities really should start thinking of undergraduates as important, rather than an income stream... When a university could pay all its students tuition on much less than the interest on its endowment they really should be.

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