Slashdot Mirror
Rice University Says Middle-Class And Low-Income Students Won't Have To Pay Tuition (npr.org)
Rice University is "dramatically expanding" its financial aid offerings, promising full scholarships to undergrads whose families have income under $130,000. NPR reports: The school says it wants to reduce student debt -- and make it easier for students from low-income families to attend. "Talent deserves opportunity," Rice President David Leebron said while announcing the plan on Tuesday. The full scholarships are earmarked for students whose families have income between $65,000 and $130,000. Below that level, the university will not only cover tuition but also provide grants to cover students' room and board, along with any other fees. Another part of the program will help students whose family income surpasses the maximum: If their family's income is between $130,000 and $200,000, they can still get grants covering at least half of their tuition.
Germany has had such a system for decades, and is the power house of Europe.
The world's burning. Moped Jesus spotted on I50. Details at 11.
Not just the university presidents.
You listed some university presidents with very high salaries. Let's compare to the head football coaches for those same schools.
1. Arizona State: the president makes $1.5mil, the football coach makes $3.2mil.
Your second university listed, University of Texas, paid it's chancellor $1.5mil. In the past three years, they paid their football coaches an unbelievable $54 million.
https://www.businessinsider.co...
You can go right down that list and see that university football coaches are making several times more than the presidents of the universities. In fact, in every single case, they are the highest paid public employee of their respective states.
You are welcome on my lawn.
In 1964, Rice's tuition was $0, per the Founder's will. Then they broke the will and started charging. Of course, others since, singlely and in combination, have given more now. However, this is a good step toward restoration of their Benefactor's honorable intent.
I wonder if they found that they still make a nice profit on the room and board, etc.
They have a page breaking down the costs of a Rice education. Roughly 72% of the cost is tuition, so it's safe to say that they're waiving their biggest money generator. They also have a page dedicated to discussing off-campus housing, on which they earn no profit at all (plus, Rice is in Houston, and as that page goes into detail about, Houston is one of the cheapest big cities to live in). So, no, I don't think they view room and board as a profit center. Universities like Rice typically operate on endowments and donations from alumni more than tuition payments.