Tuition Rising, Chapter 5 - Chapter 5: Admissions and...

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Chapter 5: Admissions and Financial Aid Policies - spend considerable $$ on recruiting students - 110,000 brochures sent, only 20,000 applicants - average cost per student $1,700 in universities and $2,500 in colleges - universities take advantage of economies of scale - both #s underestimate true average cost because they do not include the value of the time spent by faculty and alumni in the admissions process - even with $65 application fee, even if 10 applicants per student enrolled, universities would spend $1,000+ and colleges almost $2,000 to recruit, admit, and enroll each entering first-year student - 5-10% of first-year gross revenue from tuitions - consent decree between U.S. Department of Justice and Ivies prohibits actions that limit competition in an attempt to stimulate competition and lower tuition actually fosters on set of costs that keeps tuition high - socially desirable for universities to voluntarily agree to limit recruiting expenditures Birth and death of need-based financial aid policies
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This note was uploaded on 09/20/2009 for the course ILRLE 6480 taught by Professor Ehrenbergr during the Fall '07 term at Cornell University (Engineering School).

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Tuition Rising, Chapter 5 - Chapter 5: Admissions and...

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