Tuition
raise to compensate shrinking endowment
In
order to make up for dwindling endowments and increasing
costs, universities across the country have raised prices.
If
it’s any consolation, TCU’s continued increases
in tuition is keeping in step with a national trend toward
boasting upfront costs to compensate for decreasing endowments.
And it could get worse before it gets better.
Tuition has risen more than 60 percent since the 1999-2000
academic year, from $12,290. Flat rate-tuition and fees
that began in fall 2001 have risen to $19,700, a 30.9
percent increase.
Although TCU’s endowment is on the rebound, the 2004-2005
tuition hike will still be necessary to cover expenses,
said Carol Campbell, vice chancellor for finance and administration. |
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Ty
Halasz/Staff Photographer
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movie director Emily Gipson (center), a senior radio-TV-film
major, directs a staff of RTVF students in filming
for a Video III class project. |
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