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> why not charge even more, and in doing so increase the assistance to those making closer to the median household income? Simple solutions like this readily s
by noch 6y ago
> why not charge even more, and in doing so increase the assistance to those making closer to the median household income?
Simple solutions like this readily suggest themselves. However, iiuc, in top-tier universities, tuition doesn't seem to be the significant proportion of revenues, so increasing fees wouldn't really enable anything and might have diminishing returns. For Harvard in 2019[0], the sources of revenue were:
- Philanthropy : 43%
- Research: 17%
- "Other": 18%
- Tuition: 22%
Also:
- number of students nationally has plateaued.
- tuition costs have reached limits of affordability.
[0]: https://finance.harvard.edu/files/fad/files/fy19_harvard_financial_report.pdf https://finance.harvard.edu/files/fad/files/fy19_harvard_fin...