New article on U Del finances- Pres. says tuition increases will be lower

Colleges & Universities University of Delaware
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<p>The article also discloses the University’s new thinking on tuition. Here are interesting excerpts from the article:</p>

<p>“For this year’s seniors, the cost of a UD education is 30 percent more per year than when they were freshmen.”
“Harker’s speech to faculty suggested that future tuition increases at UD will be more modest, a new attitude toward how much it charges students. In the past five years, in-state tuition and fees have increased $3,452, while out-of-state costs rose more than $9,000. As recently as a year ago, UD said in a report to bond investors it expected to continue boosting tuition revenue.”
“Since then, skyrocketing tuition entered the political spotlight, with President Barack Obama calling out colleges in his recent State of the Union address. The president wants to back his critique with new policies that reward schools that contain costs with more federal aid and take away funding from those that increase tuition too much.”
““We’re being seen as the big, greedy, fat cats,” Harker said.”
“He made it clear the administration and the board of trustees have shifted their thinking on tuition and fees, and the sizable hikes of the past several years won’t continue.”
““We have to give students and families a break,” Harker said.”
“At $18,450 in 2006-07, UD charged out-of-state students much less than its regional competitors, giving it a good incentive to raise prices, said John Cheslock, an associate professor at Penn State University who studies the economics of higher education. With out-of-state rates now at $27,462, UD now exceeds similar public schools in the mid-Atlantic, making more big tuition increases less feasible.”
““You start reaching the point where there’s diminishing returns to increasing tuition,” Cheslock said. “If your tuition gets to a certain point, you start to drive students away.””</p>

<p>Perhaps University officials read our thread, “Stop the disproportional increases”?: </p>

<p><a href=“http://talk.collegeconfidential.com/university-delaware/1281247-stop-disproportional-increases.html[/url]”>http://talk.collegeconfidential.com/university-delaware/1281247-stop-disproportional-increases.html&lt;/a&gt;&lt;/p&gt;