Every now and again, I glance at the websites of the liberal arts schools where I had short-term jobs. I love the ethos of such schools, but was, for my own children turned off by the expense.
I've seen musings on the internet about the relation of the housing bubble and the tuition increases of colleges: people seemed more than ready to borrow from their housing appreciation. And, of course, there are many wealthy people around. In case you didn't know, colleges ARE businesses, albeit non-profits. The particular college below was, during my brief period of employ, in the money, the recipient of the largesse of a major drug company's foundation.
From the mouth of a college: the targeting of students from families that can afford to pay its almost $50,000/ year tuition and room and board fees:
Faced with falling enrollment due to the current financial situation, members of the community are devoting significant time and resources toward attracting more students to the college.
The Office of Admissions is pursuing a number of initiatives aimed at increasing the applicant pool and improving the yield of admitted students who end up enrolling. Some of the initiatives are aimed specifically at students who are low-need, or whose families can afford to pay a higher portion of tuition costs.
Mr. X explained that the goal of the initiatives is to increase enrollment from last fall’s total of 1,124 students to the college’s target figure of 1,200 students.