http://www.freedomtalks.org/2007/12/14/stealing-harvard/ The FreedomWorks blog dedicated to lower taxes and more freedom. Sat, 05 Jul 2008 17:27:24 +0000 http://wordpress.org/?v=2.5.1 http://www.freedomtalks.org/2007/12/14/stealing-harvard/#comment-73147 Chris Kinnan Fri, 14 Dec 2007 17:25:13 +0000 http://www.freedomtalks.org/2007/12/14/stealing-harvard/#comment-73147 The WSJ is dead-on when it discusses the 3rd-party-payer problem and rising college tuitions, but it misses the mark on the specific reason Harvard is increasing its aid. It's not Congress, it is competition for the most elite students -- Princeton has basically given free tuition to middle class students for a couple of years now, I think Yale is doing something similar, and applications to Harvard are dropping. Plus, the cost of the Harvard tuition expansion is laughable, just $22 million a year, which is a rounding error on their endowment. The WSJ is dead-on when it discusses the 3rd-party-payer problem and rising college tuitions, but it misses the mark on the specific reason Harvard is increasing its aid. It’s not Congress, it is competition for the most elite students — Princeton has basically given free tuition to middle class students for a couple of years now, I think Yale is doing something similar, and applications to Harvard are dropping. Plus, the cost of the Harvard tuition expansion is laughable, just $22 million a year, which is a rounding error on their endowment.

]]>