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octo
Guest
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| Posted: Thu Mar 25, 2004 10:25 am
Post subject: $40K a yr at Cambridge schools |
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Published on Wednesday, March 24, 2004
Tuition Fees To Rise By 5 Percent
Next year's increase will be offset by new financial aid policy
By STEPHEN M. MARKS
Crimson Staff Writer
Just one month after committing $2 million to a brand-new financial
aid initiative, the College announced yesterday that the cost of a
Harvard undergraduate education will rise by 5.15 percent next year.
College fees—which include tuition, room, board and payments for
health and student services—will rise from a total of $37,928 to
$39,880.
The uptick comes after last year's 5.5-percent jump, which then marked
the largest cost increase in a decade. This year's rise marks the
second-highest increase in the same period. |
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Abe Kohen
Guest
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| Posted: Thu Mar 25, 2004 11:14 am
Post subject: Re: $40K a yr at Cambridge schools |
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Someone has to pay for the $16 million compensation that money managers at
Harvard Management ("The Endowment") each earn. Of course they deserve it
for generating such great returns.
Also someone has to pay for the free education to be offered to those whose
parents earn under $40K/yr and the scaled tuition for the $40K-$60K crowd,
Harvard could afford to offer free tuition to all its students, but chooses
not to. Harvard can do this because of the generosity of its alumni, aka
parents of legacies, and because of the great returns generated by its money
managers.
MIT ain't cheap either, but its money managers did not do very well
recently.
Abe
"octo" <octogenarian@hotmail.com> wrote in message
news:a0eff15b.0403241925.4aa6b48e@posting.google.com...
| Quote: | Published on Wednesday, March 24, 2004
Tuition Fees To Rise By 5 Percent
Next year's increase will be offset by new financial aid policy
By STEPHEN M. MARKS
Crimson Staff Writer
Just one month after committing $2 million to a brand-new financial
aid initiative, the College announced yesterday that the cost of a
Harvard undergraduate education will rise by 5.15 percent next year.
College fees-which include tuition, room, board and payments for
health and student services-will rise from a total of $37,928 to
$39,880.
The uptick comes after last year's 5.5-percent jump, which then marked
the largest cost increase in a decade. This year's rise marks the
second-highest increase in the same period. |
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David Haardt
Guest
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| Posted: Thu Mar 25, 2004 4:04 pm
Post subject: Re: $40K a yr at Cambridge schools |
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octogenarian@hotmail.com (octo) wrote:
| Quote: | Published on Wednesday, March 24, 2004
Tuition Fees To Rise By 5 Percent
Next year's increase will be offset by new financial aid policy
By STEPHEN M. MARKS
Crimson Staff Writer
Just one month after committing $2 million to a brand-new financial
aid initiative, the College announced yesterday that the cost of a
Harvard undergraduate education will rise by 5.15 percent next year.
College fees?which include tuition, room, board and payments for
health and student services?will rise from a total of $37,928 to
$39,880.
The uptick comes after last year's 5.5-percent jump, which then marked
the largest cost increase in a decade. This year's rise marks the
second-highest increase in the same period.
|
Why not go to Cambridge in England... There, as an overseas student
you pay approx. $33,400 for tuition, college fees, and _full_ living
expenses ("accommodation, food, books and study materials, and
clothing").
http://www.cam.ac.uk/cambuniv/ugprospectus/applying/applying03.html
-David Haardt |
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Yeechang Lee
Guest
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| Posted: Sat Mar 27, 2004 3:07 am
Post subject: Re: $40K a yr at Cambridge schools |
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David Haardt wrote:
Indeed, for those US families of top-notch applicants who are positive
they will not qualify for financial aid (and that's a surprisingly
small segment, actually), Oxbridge works out to be cheaper, even
factoring in plane tickets, for the above reason and because
non-engineering degrees only take three years. If the applicant is a
citizen of a EU member nation, then the price differential becomes
stupendous.
--
Read my Deep Thoughts @ <URL:http://www.ylee.org/blog/> PERTH ----> *
12:03:01 up 9:45, 7 users, load average: 3.66, 2.05, 1.38
129 processes: 126 sleeping, 3 running, 0 zombie, 0 stopped
CPU states: 3.4% user 1.5% system 94.0% nice 0.0% iowait 0.9% idle |
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Guybrush Threepwood
Guest
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| Posted: Sat Mar 27, 2004 10:10 am
Post subject: Re: $40K a yr at Cambridge schools |
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On Fri, 26 Mar 2004 20:07:13 +0000, Yeechang Lee wrote:
| Quote: | David Haardt wrote:
Why not go to Cambridge in England... There, as an overseas student
you pay approx. $33,400 for tuition, college fees, and _full_ living
expenses ("accommodation, food, books and study materials, and
clothing").
http://www.cam.ac.uk/cambuniv/ugprospectus/applying/applying03.html
Indeed, for those US families of top-notch applicants who are positive
they will not qualify for financial aid (and that's a surprisingly
small segment, actually), Oxbridge works out to be cheaper, even
factoring in plane tickets, for the above reason and because
non-engineering degrees only take three years. If the applicant is a
citizen of a EU member nation, then the price differential becomes
stupendous.
|
British universities charge international rates based on residency, not
citizenship, so EU (or even British) citizenship won't help unless you've
actually lived within the EU for three years prior to entry.
Guy |
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David Haardt
Guest
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| Posted: Sat Mar 27, 2004 4:38 pm
Post subject: Re: $40K a yr at Cambridge schools |
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"Guybrush Threepwood" <guybrush@hotmail.com> wrote:
| Quote: | On Fri, 26 Mar 2004 20:07:13 +0000, Yeechang Lee wrote:
David Haardt wrote:
Why not go to Cambridge in England... There, as an overseas student
you pay approx. $33,400 for tuition, college fees, and _full_ living
expenses ("accommodation, food, books and study materials, and
clothing").
http://www.cam.ac.uk/cambuniv/ugprospectus/applying/applying03.html
Indeed, for those US families of top-notch applicants who are positive
they will not qualify for financial aid (and that's a surprisingly
small segment, actually), Oxbridge works out to be cheaper, even
factoring in plane tickets, for the above reason and because
non-engineering degrees only take three years. If the applicant is a
citizen of a EU member nation, then the price differential becomes
stupendous.
British universities charge international rates based on residency, not
citizenship, so EU (or even British) citizenship won't help unless you've
actually lived within the EU for three years prior to entry.
|
Exactly. The total cost which I have quoted above refers to non-EU
residents and is the average of the subject bands (since science
degrees have slightly higher tuition fees than humanities, etc.)
If you have lived in the EU for the last three years for reasons
/other/ than full-time education, then you qualify for the /much/
lower "home" fees /and/ you don't have to pay college fees, so the
total cost reduces to approx. $12,100 per annum (!) the lion's share
of which are just living expenses.
-David Haardt |
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