Tuition Rising, Chapter 1 - Chapter 1: Rising Costs...

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Chapter 1: Rising Costs - endowments (stocks of financial assets) soared from increase in stock market prices during 1990s and large flow of annual gifts - capital campaigns for current operations and building projects, as well as endowments - tuition levels increasing at rates exceeding increase in consumer prices Why public concern increased in 1990s - 2-3 percentage points greater than rate of increase in consumer prices each yr 1905-1965 - nature of educational process did not permit universities to share in productivity gains - productivity of faculty remains the same - either decease faculty salaries relative to salaries of other professions or increase tuition - 1990s, family purchasing power or real income gains also increase productivity gains caused earnings to rise by more than inflation women increasingly entering labor workforce - thus tuition inc did not reduce accessibility of universities - between 1980-1993, Cornell tuition rose from 28% to 49% of median family income - trend:
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Tuition Rising, Chapter 1 - Chapter 1: Rising Costs...

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