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University of RochesterThe 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.

“Whites are far more likely to shoot themselves, and African Americans are far more likely to be shot by someone else.”

– 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.”

6 Responses to UR Tuition Up 62% in 10 Years

  1. March 24, 2013 at 12:59 pm Eduardo Ricardo responds:

    Un. Be. Leave. Able.

  2. March 24, 2013 at 2:17 pm Orielly responds:

    It would have been interesting to note the total dollar of all taxpayer funding provided to the UR over that same period.

    The recent Taxpayer grants over the last two years saw the state provide more money to the UR than they did to U Buffalo. Yet UB is the “state” school.

    And it would be nice to know how much tuition is paid by the many international (NON US Citizens) they accept (brag about) each year at the UR while they reject US Citizen students, many from the Rochester area. Some how I would expect the foreign governments give little money directly to the UR except to pay tuition for their citizens.

    And then throw in the tax incentives and ‘tax free status’ they enjoy, while we pay to cover their taxes, while they take in Billions in revenue a year- because after all they are a “non profit”.

    Up until a few years ago their PREZ lived in property tax free housing, and its likely other UR employees are also enjoying the perk of living in property tax free “College provided” homes.

    No matter how many grants or scholarships they give out, someone is paying the full price to go to the school.

    The UR, SU and many of the privates Colleges in this country should be called on the carpet and in front of congress, to explain these things vs being treated with kid gloves by the media and politicians of both parties.

  3. College tuition have risen primarily because it can. The more loan and grant money that is available, the more assurance that colleges will have a ready made pool of money to utilize. They use this money for non essentials like casino style cafeterias and rock climbing in the athletic centers.

    When they know they can raise tuition, and have the feds offer more grant money and more loan money to cover it.. for both students and parents.. there is no boundary they need to respect. The feds are paying for this
    excess and the default rate on loans will make this issue the next huge “bubble.”

  4. Susan has a good point. The colleges have no reason not to raise tuition because the students can always pay for it. If tuition goes up, they just get more federal subsidized loans.

    Not only will the loans be the next bubble. These are high dollar loans for people with no collateral and essentially no income or guaranteed income after college. The other problem is thanks to the gutting of retirement packages by big business/1%ers, these poor kids won’t be able to even think about putting money into their retirement accounts until who knows when. So after they crash the economy with their loan bubble, we’ll have another crisis in 30-40 years when they can’t retire.

    We’re on an unsustainable path in so many ways, and all the State Gov’t and Feds can do is squabble over nonsense issues.

  5. March 24, 2013 at 11:05 pm Animule responds:

    How much is the University of Rochester’s endowment up the past 10 years?

    As is, they are one of only 60 schools in the country with an endowment of over $1 billion (it’s at $1.7 billion as of June 2012 and could have easily topped $2 billion of late given the rise in the stock market).


    Good thing taxpayers are helping them out with “Collegetown.” If there’s anybody that needs a tax break, it’s these guys.

  6. I’m a UR grad and am headed off to medical school this fall. I applied to UR but decided not to attend because I’ve had such a terrible experience as an undergraduate. The professors at this school are fantastic but the administration is horrible. I have seen so much wasteful spending at my school, and watched major departments, like physics and chemistry, get their budgets slashed while central administration leeches off their grant money and profits quite heavily from the awesome research that these individuals do. People often ask me why I’m so down on my school because it’s given me “so many opportunities.” Well, the truth is my 3.9 GPA, Magna Cum Laude, Honors, and all the other things that have gotten me into medical school and made me a better learner have been a result of my own hard work and the assistance of professors. My education is not worth the amount I paid for it, and if I could do it all again, I would have attended a state school.

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