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View Full Version : Princeton holds tuition steady



yankeeyosh
01-22-2007, 09:41 AM
http://news.bostonherald.com/national/view.bg?articleid=178503

Excellent news on the higher education front. Along with better financial aid packages, this continues a recent trend of the "elite" colleges with large endowments to reach into their coffers to stem the tide of rising costs for college students.

cache
01-22-2007, 12:41 PM
http://news.bostonherald.com/national/view.bg?articleid=178503

Excellent news on the higher education front. Along with better financial aid packages, this continues a recent trend of the "elite" colleges with large endowments to reach into their coffers to stem the tide of rising costs for college students.

Ummm. I just looked it up. Princeton has an endowment of $13B. Let's say they invest very conservatively, and get 3% per year. That covers every student's tuition, with 200 million left over.

Oh, how wonderful they are not raising tuition.:rolleyes:

wordsmith
01-22-2007, 12:44 PM
Schools with massive endowments SHOULD have no problem holding their tutuion steady.

yankeeyosh
01-22-2007, 12:50 PM
Erik Larson, who is famous for his book Isaac's Storm (about the 1900 Galveston, Tex. Hurricane), wrote in a 1997 Time article how Ivies and Ivy-esque schools have historically been influenced by the "Chivas Regal" effect...basically they feel that they can charge anything they want because people are willing to pay it. Furthermore, he discussed the cartel-like Ivy Group, which was "fixing" prices up until the early Nineties. Fortunately, the tuition increases have not been as high as they were back then, but the ramifications are still present.

cache
01-22-2007, 01:17 PM
Erik Larson, who is famous for his book Isaac's Storm (about the 1900 Galveston, Tex. Hurricane), wrote in a 1997 Time article how Ivies and Ivy-esque schools have historically been influenced by the "Chivas Regal" effect...basically they feel that they can charge anything they want because people are willing to pay it. Furthermore, he discussed the cartel-like Ivy Group, which was "fixing" prices up until the early Nineties. Fortunately, the tuition increases have not been as high as they were back then, but the ramifications are still present.

Are they now being influenced by the "Warren Buffett" effect?