As I recall CMC was $26,500 in 1998/99. If my memory is correct then thats a mere 73.5% growth in 8 years.Stag Blogger Apollo observes:
In 2000/01, it was $30,000. In 2004/05, it was $40,000. I do not recall the college improving by 33% while I was there.Tuition and fees still make up about half of CMC's revenues. And tuition still tracks expenditures fairly closely. Where does the money go?
Also, when I applied the admissions office made a big deal about how they only passed along half of the cost to students and that fundraising covered the other half. Thus they were charging $30,000 per student but spent $60,000 per student. If that still holds true, they are now spending $92,000 per student. I cannot fathom how they can productively spend that much money.
|Tuition and Fees||$22,580||$33,210||47.08%|
|Room and Board||$7,420||$10,740||44.74%|
Expenses on a per student basis in 2000-2001 were 139% of student charges and in 2006-2007 were 136%.
Research funding has nearly doubled, and instructional costs have risen by two thirds in six years. Are professors collecting bigger paychecks? The faculty size has gone down by 15% over the same period.