| UT Holds Public Forums On Tuition Hike
As the University of Texas considers raising tuition once again, education leaders from around the state are meeting to talk solutions for higher education. Those meetings are happening at the Frank Erwin Center to help increase college enrollment around the state significantly. The goal is to increase enrollment across the state by 30 percent from 2005 to 2010. While it is an achievable goal, still, university systems across the state feel they have to increase tuition to stay competitive, so while more students want to go to college, making it affordable is another challenge. Financial challenges, like getting students to apply through Free Application for Federal Student Aid, is just one of the many roadblocks to work through.
Colleges uneasy about Harvard's deal on tuition
Two words to students hoping to get a break on college tuition now that Harvard and a handful of rivals have increased financial aid to middle-class students: Fat chance. Most colleges say they aren't loosening the purse strings just yet, although as financial-aid season approaches they are under intense pressure from parents to offer Harvard-style deals. Ursinus College's enrollment director, Richard DiFeliciantonio, said a parent already had called him to ask: "'If Harvard can do this for their kids, why can't you?' " The answer is obvious: Ursinus, like most colleges, isn't as filthy rich as Harvard, whose endowment of $35 billion is the largest in the nation. "Maybe 30 colleges in the country can even think about doing what Harvard is doing," said DiFeliciantonio, whose school has $150 million in its coffers.
After Harvard, Yale boosts aid
Yale announced this week that it will change its undergraduate financial aid policy for all students this fall. The changes are meant to make college more affordable for middle and upper-income families and follow in the footsteps of a similar policy enacted by Harvard last December.
"We want all of our students to make the most of Yale academically and beyond without worrying about excessive work hours or debt," Yale president Richard Levin said in a press release. "Our new financial aid package makes this aspiration a reality."
At both Yale and Harvard, parents with annual incomes below $60,000 a year will not have to contribute toward their child's college education, and families with incomes from $60,000 to $120,000 will now pay between 1 and 10 percent of their incomes toward tuition.
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