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8 Takeaways From Harvard’s Task Force Reports
"I could foresee another doubling of tuitions at Harvard," Vernon R. Alden, Associate Dean of the Faculty of Business Administration, stated yesterday.
Nothing that Harvard had raised its tuition from $400 in 1947 to the 1957 rate of $1000, Alden recommended that the current inflationary trend could force the University to double its present rates.
He commented that a plan used by the Business School, whereby students pay their tuitions on an "installment plan," might be applied in the College. He noted, however, that different provisions would have to be made for students who enter low-income professions such as teaching or the ministry.
Virtually all Business School graduates earn enough so that they have little trouble repaying the school. But Alden pointed out that some College graduates would have difficulty reimbursing the University.
"If Harvard should raise its tuition, of course there would have to be an increase in scholarships and loans, but the net revenue would be higher," the Dean asserted. Alden expressed the opinion that two-thirds of today's college students do not require financial aid.
He stated that wealthy students have been "getting a bargain" in education. "College faculty members have subsidized education for a long time" through their low salaries, Alden noted.
Meanwhile, the Carnegie Foundation for the Advancement of Teaching published a report warning the American public that it must realize that higher education costs money and, people must be willing to pay for it.
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