<p>Does anyone know how much UChicago has increased over the last 4 years (or, less likely, how much it might increase over the next 4)? At $54,000 already, it's going to be very tight and if Chicago increases at 4% or so a year, it will be well north of $60,000 a year by 2012.</p>
<p>well like 5 years ago i think tuition was like 26,000 so.....</p>
<p>this is a lot older than what 1990Dad was looking for, but it's interesting...
from the '96-'97 USNWR college issue (found it at a used book sale a month ago):</p>
<p>-tuition: $21,485
-room & board: $7,275</p>
<p>other stuff:
-Chicago is ranked 12th, between Columbia and UPenn
-SAT: 1270-1470
-acceptance rate: 71.4% (3182/4459)
-yield: 31%</p>
<p>Last year Chicago raised tuition, room and board by 5.4%, somewhat higher than what the Ivies were doing. However, at least in the Ivies, the party has ended and most have raised their fees less than 4% for next year (Penn, however, I think is 4.5%). So I would expect Chicago to scale back its increases, but having raised fees 5.4% last year, I would be surprised if they went lower than 4.9% or so. Given that their endowment is larger than Brown's and Dartmouth's (combined in fact) I don't understand why they are so aggressive with raising fees.</p>
<p>Yes, it does tend to dilute the value of the scholarships when one compares apples to apples across schools.</p>
<p>Don't let the total endowment $$ fool you. Much of that money is restricted to certain areas or activities by the donors. The University has less discretionary endowed funding than one might expect. U of C does have ongoing targeted efforts to improve financial aid and student resources, however.</p>
<p>Thanks for the helpful information.</p>
<p>brownprof, I suspect the answer to your question regarding why UChicago and really all schools are aggresively raising their attendance costs is because they can.</p>
<p>It's really the perfect combination of factors if you look at it as a business with students as consumers. Colleges have a product that is virtually an essential in today's employment market and in very high demand especially with the more prestigious providers. At the same time, you have consumers (students) with no debt, an entire lifetime of earning potential and, because of the product you provided, likely better than average earning potential. Also, many loans to buy your product are government backed or subsidized and virtually all cannot be discharged by bankruptcy. And to boot, you have former custormers and other hangers on donating millions of dollars every year just to help you run your business.</p>
<p>Information I got from admissions officer (since I had found nothing on website or with my son's acceptance letter)- for 2008-09</p>
<p>Tuition $36,891
Activities Fee 210
Health Services Fee 531
Room/Board 11,697
Books/Personal 3,121</p>
<p>Orientation Fee 536
Orientation Housing 285
One-Time Records Fee 39</p>
<p>TOTAL $53,310</p>
<p>Highest of all the schools my S applied to for RBT & non-orientation fees ($49419).</p>
<p>"Books/Personal 3,121"</p>
<p>My son (a freshman) hasn't come close to using up this much money. (He gets his books either from the library or as cheaply as possible on-line.)</p>
<p>Yeah. $1200/yr is probably plenty for eating out, books, incidentals. </p>
<p>If you live far away, transportation can add up, especially right around holidays.</p>
<p>For budgeting purposes, it looks like a 5% yearly increase would be reasonable estimate up through 2012. Thoughts?</p>
<p>The figures for next year's fees quoted by OneDad have now been officially announced:</p>
<p>Student</a> aid helps meet tuition costs in College</p>
<p>for an increase of 4.9%. I suspect that future increases will be somewhat lower given that most of the Ivies are now increasing at a rate under 4%. As has already been noted here Chicago's total yearly cost is higher than the Ivies by about 2K. I don't see how they can let that gap get too much bigger.</p>
<p>Translation:</p>
<p>$200 day, Monday thru Friday, every week of the year. </p>
<p>Sobering.</p>
<p>Yeah, we can take a family of four on a decent vacation for $200/day (we're good at finding bargains). Not that we'll be doing THAT anytime soon...</p>
<p>And that $53,000 is more than I've ever made at a job. Sad, but true.</p>