Culture
Universities Taking Millions In Relief Aid Is Evidence Of A Bigger Illness In Higher Education
Attending college today isn’t exactly a cheap endeavor. According to data reported by U.S. News, the average annual cost is $41,426 at private colleges and $27,120 at state schools for out-of-state applicants. Of course, the tuition reaches jaw-dropping levels at the Ivy League level. Yale University’s annual tuition is $53,430, Harvard University’s is $50,420, and Columbia University’s is $59,430.
By Gina Florio2 min read
What’s most disturbing about these numbers is the fact that most of these universities receive large, ever-growing endowments each year that reach upwards of tens of billions of dollars. It begs the question: Why exactly do these universities require that much money from their students when they’re clearly well funded already?