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Gouging on Tuition
(For students returning to campus, we are re-printing a few highlights from the last term.)
I expect, ô skeptical one, that in reading yesterday’s post, you asked yourself if the College’s financial statements would reflect the revenue growth that resulted from increased early admissions, increased private school admits, and an increasing number of legacies in the student body. Of course, it did:
Under Jim Kim’s three budgets, total undergraduate tuition income rose from $97,694,000 in 2010 to $119,186,000 in 2013, a jump of $21,492,000 (22.0%). In the three prior fiscal years from 2007-2010, tuition rose by only $6,545,000 (7.2%); and in the three years prior to that, 2004-2007, tuition rose by $7,500,000 (9.0%).
Its not hard to see that Jim Kim balanced the budget on the backs of students — and in the process, made the College even less financially accessible.
Addendum: The amount of money that Dartmouth takes in from undergraduate tuition is not laid out distinctly in the College’s annual accounts. The financial statements list total receipts for tuition from all graduate and undergraduate students, minus money given out as financial aid:
However Note A in each year’s financials details the percentage of the total tuition figure received from undergraduates:
For Fiscal 2013, $180,585,000 was received in tuition payments from all students, and 66% of that figure came from undergraduates: $119,186,000.
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