The University of Rochester announced tuition levels for the 2013-14 school year. It will cost $57,644, including room and board for undergraduates. The university said this was the lowest tuition increase in a decade – 3.9 percent.
In 2003-04, the cost was $35,670. That means UR’s tuition has gone up 62 percent in the last 10 years.
At UR and other institutions across the country, tuition increases have outpaced inflation. The College Board found tuition increases were an average of 2.4 percent per year above inflation over the last decade at private nonprofit four-year colleges. Tuition and fees rose 5.2 percent per year beyond inflation at public, four-year schools.
Even though many students get financial aid and do not pay the full sticker price, many also are saddled with loans to make up the difference.
Colleges have blamed shrinking state and federal aid. There are also competitive pressures to attract the best faculty and students and to build better campuses. Colleges have to keep up with technology. Worker health care and insurance is also expensive. Critics say bloated bureaucracies and inefficient operations play a role. Others say nonprofit status of universities limits incentives to cut costs.
Whatever the reasons, it’s hard to imagine these prices are sustainable.
Links of the Day:
– SUNY Buffalo’s dramatic medical school expansion won’t come with a dramatic expansion of parking. The college is forcing people to find alternate means of getting to work. Now the city is seeing development along rail lines! The University of Rochester should take note – nothing like this will come of an expansion of Route 390. See my previous blog post on UR’s failure to address worker transit.
– Rock-climbing is coming to an old Buffalo grain silo.
– New York keeps handing out consolidation study grants to villages and school districts that don’t really want to consolidate.
– Many people do not know the $25 admission price at the Metropolitan Museum of Art is only “recommended.”