Well, This is Familiar…

… and depressing.

The colleges’ average grant to each freshman covered 53 percent of tuition and fees in 2011-12, up from about 52 percent the year before.

Even with increased aid, more than half of the colleges surveyed said that their freshman enrollment was declining, and the trend was especially pronounced at baccalaureate institutions with enrollments of less than 4,000. More than 83 percent of those colleges saw a decline in both freshman and overall enrollment, according to the survey.

[…]

Nearly half of the chief business officers at colleges that lost enrollment said the cause was price sensitivity: Students are increasingly choosing lower-cost colleges.

For many of the colleges that gained enrollment, one key was to dole out more financial aid, the report says.

But that step—raising the institution’s discount rate still more—meant that the higher enrollment provided little or no overall growth in revenue.

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About profmondo

Dad, husband, mostly free individual, medievalist, writer, and drummer. "Gladly wolde he lerne and gladly teche."
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One Response to Well, This is Familiar…

  1. Javahead says:

    What makes it even more interesting is that college costs have gone up much faster than anything else. A bit of digging around and I got these numbers via Google:

    Harvard Tuition in 1960 (health care included, just after a tuition increase): $1520
    Harvard Tuition in 2010 (health care fees added in: $37951 (~25x the amount)

    The online inflation calculator give overall inflation in these years as 636%, and gave the inflation adjusted 1960 tuition as $11263

    Or to put it more baldly: over that 50 year span the tuition increased to ~3.5 times the inflation-adjusted value. And most other Universities, public and private, have tracked it pretty closely.

    Oddly enough, the wages of the people who *teach* the students – those pesky professor types, don’t you know – haven’t kept track. But average administrative salaries, and the numbers of administrators, have skyrocketed.

    I don’t know about anyone else, but when helping our kids to choose their universities we looked at things like the school’s reputation, the quality of the instructors, and the safety of the campus. Not the number of administrative paper pushers, or how well those hordes of administrative apparatchiks were paid.

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