教育类文章:THE TUITION TAMERS

时间:2023-05-04 17:45:03 考研英语 我要投稿
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教育类文章精选:THE TUITION TAMERS

7 THE TUITION TAMERS

教育类文章精选:THE TUITION TAMERS

  After years of sharp increases, some colleges are trying to ease the burden on middle-class families

  THESE HAVE BEEN THE ,BEST OF TIMES for many of the nation’s top universities-and the worst of times for middle income families struggling to afford them. Thanks to a robust stock market, school endowments have ballooned. Yet few institutions have held down steep increases in tuition. But that may be changing.

  Williams College, a prestigious liberal arts school in Massachusetts, announced last month that for the first time in 46 years, its tuition would remain steady at $31,520. Last week students at Princeton University learned that their annual $31,599 tuition, room and board will rise just 3.3%-the smallest hike in 30 years.

  These shows of restraint may signal a turnaround from the whopping tuition increases of recent years, as some schools now consider using their endowments to control price hikes. Since 1980, college costs have more than doubled, after adjustment for inflation, while the median income of families with college-age children has increased only 12%. Last year tuition rose an average of 4.6%, the lowest jump in 12 years-but still more than twice the rate of inflation. "Remaining affordable for middle-class parents is the 800-lb. gorilla facing colleges and universities," says Terry Hartle, senior vice president of the American Council on Education in Washington.

  Williams held its tuition flat by paying more of its bills with the investment profits on its $1.1 billion endowment and with contributions from alumni. But college officials who oppose using endowments to freeze tuition say the students most vulnerable to hikes are not affected by them. "If we were to keep tuition constant, would it change the situation here for students in need?" asks Princeton president Harold Shapiro. "No, because their tuition is fully covered."

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