When pricey is better
A feature in NY Times today says many private colleges are raising tuition so as to not appear too cheap against the competition. Hendrix College is in the game.
With the race for rankings and choice students shaping college pricing, the University of Notre Dame, Bryn Mawr College, Rice University, the University of Richmond and Hendrix College, in Conway, Ark., are just a few that have sharply increased tuition to match colleges they consider their rivals, while also providing more financial assistance.
The recognition that families associate price with quality, and that a tuition rise, accompanied by discounts, can lure more applicants and revenue, has helped produce an economy in academe something like that in the health care system, with prices rising faster than inflation but with many consumers paying less than full price.







Comments
Perhaps someone can relay what the tuition is per semester at Hendrix. Just curious. I'll just bet those increases in tuition saw a per ratio increase in classroom faculty salaries.
Posted by: Cato
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December 12, 2006 03:19 PM
According to their website:
2006-2007:
Tuition $22,616
Housing, meals, fees $6,658
That site: www.hendrix.edu and go to the Admissions link.
Posted by: Liberal and Proud
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December 12, 2006 04:17 PM
That's roughly ten times what it cost in 1976 , the last year before the Reagun revolution killed the Basic Educational Oportunity Grant. During my tenure I watched the complexion and diversity of the studentry change. Inelligible for student aid I was able to put myself through school working summers in an aluminum mill. I can only imagine what children of privilege form the legacy of Henderson Brown and Galloway Womens.
I know they fucked up the frisbee golf course too.
Posted by: Zarathustra
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December 12, 2006 06:10 PM
The time has come to move Mother to the nursing home. She would be alarmed to learn that the costs associated w/her care exceed the entire nut at Hendrix. But she would be no more flabbergasted than was her son the alum when he saw the rate card at the home.
Posted by: bopbamboom
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December 12, 2006 06:15 PM
I enrolled at Arkansas Tech in the fall of 1963 at the princely sum of $50 per semester. I think my dorm/meal fee was around $80. By the time I graduated, tuition had soared to around $150 per semester, and I was living at home.
I, at least, got an actual "education"--unlike the training certificates offered these days.
Posted by: widj
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December 12, 2006 09:12 PM
I don't mean to be rude, but I am always aggrevated when people, upon hearing what tuitiion costs these days, say "I remember when I was in school it cost 8 cents per credit hour!" or something to that effect.
If the tuition seems high, there are some valid reasons. To put it one way, it costs money to keep up with the Jones. New buildings/equipment/faculty don't come cheap.
But here's my real beef: if you think the prices are outrageous, DO SOMETHING ABOUT IT. No, I don't know what that something is. Someone higher up than me should look in to that.
Or, don't seem so flabbergasted. I always feel a little insulted when someone reacts that way, like they're saying "your college education isn't worth that price," or "you're getting a crap deal on your schooling."
Posted by: Arkansas Student
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December 12, 2006 10:04 PM
That's roughly ten times what it cost in 1976 - Posted by: Zarathustr
I am always aggrevated when people. . . say "I remember when I was in school it cost 8 cents per credit hour!" or something to that effect.- Posted by: Arkansas Student
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Arkansas Student - remember, when you hear those old folks complain, its just part of the aging process. Similar to Zorro's comment (minus the profanity), the bad news Mustang I bought new in the early 70s cost less than 1/10 the price of a potent 2006 model.
The only thing that hasn't kept up is the minimum wage. (And I surprise myself by saying that.)
Posted by: Don Keyhotay
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December 12, 2006 10:45 PM
My comments were more about the cost of nursing home care than the price of Hendrix. I hope that Arkansas Student does a better job of reading for meaning in his/her schoolwork than he/she does here on the blog.
Posted by: bopbamboom
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December 13, 2006 06:44 AM
Fuck you, don.
Posted by: Zarathustra
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December 13, 2006 07:24 PM