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Quasimodo
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Mar 5 2014, 08:15 AM
Post #1
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- Posts:
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http://www.dukechronicle.com/articles/2014/03/04/board-trustees-approve-tuition-hike-and-west-union-funds
Board of Trustees approve tuition hike and West Union funds
By Danielle Muoio | March 3, 2014
Reactions The Board of Trustees convened in Palo Alto this weekend to elect a new provost, approve tuition rates for the 2014-15 academic year and tour Stanford University's campus, among other items.
[not Duke's campus, which they rarely see anyway...]
The trustees ventured to Palo Alto because Duke and Stanford have multiple similarities, said Michael Schoenfeld, vice president for public affairs and government relations. He noted that Stanford and Duke are both major research universities with large medical centers and a strong athletic program. The trustees visited Stanford to discuss higher education and innovation and entrepreneurship.
Schoenfeld noted that the trustees had a "robust discussion" about tuition rates for the 2014-15 academic year before approving a 3.9 percent increase in undergraduate tuition, raising the cost from $44,020 and $45,800. The full cost to attend the University—which includes tuition, room, board and fees—will therefore increase from $58,278 this year to $60,533.
The trustees approved tuition increases for all 10 of Duke's schools, including a 4.9 percent change for both the Fuqua School of Business master's of business administration and the School of Nursing—to $58,000 and $40,365, respectively.
Schoenfeld said the trustees look at Duke's position in the market and the justification for costs prior to approving a new tuition rate.
"The tuition goes up because we continue to invest more in our students," President Richard Brodhead said. "The value of what we offer has risen significantly over time."
Jim Roberts, executive vice provost for finance and administration, said in a Feb. 21 National Public Radio blog post that the cost of tuition is actually a discount when you consider the investment going into each students' education.
[What a field day Ed Rickards would have had with that...]
The blog post noted that tuition goes to dorms, food, health services, administrative and academic support salaries and construction and renovations.
Schoenfeld said it is important to realize that not everything is paid for with tuition and that philanthropy, grants and gifts from the endowment all play a role in funding costs to run the University. He did note, however, that ongoing construction and renovations were considered when discussing tuition rates for the following academic year.
(snip)
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