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Grad Schools Gouged Worse

Dartmouth Grad Tuition Comp.jpgAs we noted on Friday, 66% of the total tuition income figure cited in the College’s financial statements comes from undergraduates; the remainder, obviously, comes from the graduate schools. Let’s examine how grad students fared as Jim Kim masterfully balanced Dartmouth’s budget.

First off, between 2001 to 2010 the grad schools were responsible for 30% of Dartmouth’s tuition income. Between 2010 and 2013, that figure jumped to 34%. As thoroughly as the Kim administration soaked undergrads by raising their actual tuition payments, it raised tuition on grad students even more. As you can see on the right, tuition income taken in from graduate students increased from $41,869,000 in 2010 to $61,399,000 in 2013 — a jump of $19,470,000 (46.6%) over three years. Yet the total income from grad students had only risen by $11,132,000 over the preceding nine years.

Part of this increase came from ramping up the student body size at Geisel, Thayer and Tuck, which rose in total by 115 students (9.8%) over the three-year period:

Dartmouth Grad Number.jpg

But the increase in the number of students — part of a longterm strategy dating back a good many years — doesn’t go very far in explaining the College’s 46.6% increase in grad student tuition income. The greater part of the huge jump must have come from higher tuition costs and greatly reduced financial aid.

As I said the other day, any progress that Jim Kim made in balancing Dartmouth’s budget came on the backs of students — making higher education ever less affordable, and diverting the best quality students to schools like HYP that rank higher than Dartmouth and cost less to attend for all students, and especially students receiving financial aid.

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