Tag Archives: Tuition

Tuition increases for 2014-2015 year

Linfield’s full-time student tuition will increase by 3.06 percent—the smallest dollar increase in the last decade and the lowest percentage increase since 2003.

Tuition will go from $35,900 to $37,000 for the 2014-2015 school year, according to Vice President for Enrollment Management Dan Preston and Vice President for Finance and Administration and Chief Financial Officer, Mary Ann Rodriguez.

A study by the National Center for Education Statistics reported a 31 percent tuition, room, and board price increase between the 2000-2001 and 2010-2011 school years for private universities. College costs have risen drastically over the past decade, and Linfield is no exception.

“Tuition at Linfield, like most colleges, goes up annually,” said Preston and Rodriguez in an email. “This year, the majority of the additional resources available in the budget went toward a modest increase in employee salaries and corresponding benefits.”

Budget resources for next year will also go toward departmental operating budgets to repair and remodel campus facilities, increased accident and disaster insurance for the college, and student work-study funding for the increase in Oregon’s minimum wage.

Every year, Linfield’s president, his or her cabinet, an associate dean of faculty, and others devise the budget after considering departmental budget requests, incoming revenue, and student sensitivity to price changes.

After the budget is reviewed by the Board of Trustees in early January, “the budget is presented at an open campus meeting, including video feed to the other campus (if presented in McMinnville, video feed to Portland),” said Preston and Rodriguez in an email.

After passing through other groups, the President presents the full proposal in February and it is officially approved in May by the Board of Trustees.

Although Linfield has no current short or long-term policies regarding tuition pricing, tuition has and will continue to increase annually.

But Rodriguez and Preston claimed Linfield is well aware of the effects increased costs have on students.

“One of the top reasons students give for not continuing enrollment at Linfield is because of the costs of the college. ” said Rodriguez and Preston in an email.

“The smaller the cost increase to students, the greater the possibility that enrollment rates of continuing students will be positively affected,” said Rodriguez and Preston in an email.

Professor of Economics Jeffrey Summers, who has published research in the field of the economics of higher education, emphasized the importance of looking at the valid reasons behind tuition increases.

“You raise the price because you know you want to raise the quality of the education you’re providing,” Summers said.

Summers argued that while Linfield increases its tuition price for students, it does so in an attempt to provide more educational and co-curricular offerings.

“I’ve been here 20 years, and I can say with a great degree of confidence that the academic standards at Linfield are much better than they were 20 years ago. My students come better prepared, I am able to expect more from my students and they deliver more,” Summers said.

The economics professor, who served as the associate dean of faculty for seven years and sat in on budget meetings, is certain of Linfield’s ability to keep its students’ ability to pay in mind.

“I think nationally, Linfield has been recognized for its quality. The quality has gone up, but the price has gone up, too. In general, I’d say Linfield has done a pretty good job of balancing those two,” Summers said.

Students generally understand the need to increase costs, but may find themselves questioning the limits of tuition increases.

“I don’t want tuition to be higher, but the money has to come from somewhere, and raising tuition is probably the easiest thing the school can do,” freshman Patty Roberts said.

Helen Lee

Photo Editor

Helen             Lee                 can                 be                   reached        at
linfieldreviewphotos@gmail.com.

College students, parents face tough economy

Students and their parents are feeling the pressure of rising college expenses and the heavy burden of debt and loans piling up. With loans increasing each year, students find that their debt is becoming too much to deal with after graduation.

Average debt for bachelor’s degree up by half, report shows

Dianne Stafford (MCT)

McClatchy Newspapers

KANSAS CITY, Mo.- The average student debt for bachelor’s degree graduates mushroomed 50 percent from 1996 to 2008, according to a new report.

Over the same time frame, debt for associate-degree graduates grew to twice the amount of their 1996 counterparts.

Analysis of National Center for Education Statistics data by the Pew Research Center’s Social & Demographic Trends Project found that the higher debt loads were driven by three trends:

More students borrowed—60 percent of graduates in 2008, compared to 52 percent of graduates in 1996.

Students borrowed more—2008 bachelor’s degree recipients borrowed an average of $23,000 compared to $17,000 in 1996 (inflation-adjusted to 2008 dollars), and associate degree recipients borrowed an average of $12,600 compared to $7,600.

More students attended for-profit schools that had higher tuition.

The final point indicates loan-repayment difficulty.

The Pew study found that, over the past decade, enrollment in private, for-profit schools outpaced enrollment in public or nonprofit schools and that students enrolled in for-profit schools were more likely to borrow money.

For-profit schools  granted 18 percent of all undergraduate degrees in 2008, up from 14 percent in 2003.

The report said one-fourth of for-profit school graduates borrowed more than $40,000, compared with just 5 percent of public school graduates and 14 percent of nonprofit school graduates.

One takeaway from the study:

“Generally, private for-profit school graduates have lower incomes and are older, more likely to be from minority groups, more likely to be female, more likely to be independent of their parents and more likely to have their own dependents,” Pew reported.

“For almost every field of study at every level, students at private for-profit schools are more likely to borrow and tend to borrow larger amounts than students at public and private not-for-profit schools.”

DEGREES OF DEBT

Share of 2008 bachelor’s degree graduates who borrowed more than $30,000:

All schools: 17 percent

Private, for-profit schools: 54 percent

Private, nonprofit schools: 25 percent

Public schools: 12 percent (Source: Pew Research Center).

 

Average student-loan debt of 2010 graduates up 5.2 percent, tops $25,000

Walter Hamilton (MCT)

Los Angeles Times

You don’t have to be a math major to understand this statistic: The average student-loan debt of last year’s college graduates topped $25,000 _ the first time it’s exceeded that ignominious mark.

Seniors who graduated in 2010 had an average student-loan burden of $25,250, up 5.2 percent from the $24,000 owed by the class of 2009, according to a report by the Project on Student Debt at the Institute for College Access & Success in Oakland.

Some experts had expected a bigger increase in debt given the gloomy economy, but increased financial aid at some schools partially offset the hit for low-income students and those at pricier colleges.

Still, the increased debt load is another challenge for college graduates who already were facing a punishing job market. The unemployment rate for college graduates age 20 to 24 rose to 9.1 percent last year, up from 8.7 percent in 2009 and the highest annual rate on record, according to the nonprofit research organization.

The report is based on data reported voluntarily by more than 1,000 public and private nonprofit four-year colleges. It did not include so-called for-profit colleges.

In California, the average debt load last year was $18,113, with 48 percent of graduating seniors owing money, according to the study.

Students and their families (who will be footing many of the college bills) can get data on average student-loan rates for many schools on the research organization’s website, at projectonstudentdebt.org.