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z2006-09-29- Vedder Why Charge Tuition
Whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

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last edited by BillSeitz on Aug 21, 2008 8:17 pm

[Richard Vedder] asks why rich universities charge tuition for . Most [Financial Aid] issues disappear if tuition is zero. Harvard's endowment is $29 billion. With a five percent rate of return, that is $1.45 billion annually in income --about $75,000 per Harvard student. According to data, salaries of teaching faculty per student are perhaps 20-30 percent of tuition levels at better private schools. Even if faculty salaries are only one-third of instructional cost, tuition charges should more than cover the cost of instruction.

This earlier piece notes how [Scholar Ship]-s act as a form of [Price Discrimination].


 



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