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Tuition and Fees to Increase
5.3 Percent Next Year
A week after the cover story in Time magazine -- written by Erik Larson, C'76 -- excoriated the University and other elite schools for their high tuition rates, the board of trustees approved a 4.5 percent increase in total charges.
In the Time article, Larson criticized the "Chivas Regal effect" among the top-ranked schools that "equated price with quality" and led to tuition hikes that "consistently outstripped inflation"; he had especially strong words for Ivy League colleges who did a "tuition tango" to keep their prices comparable despite different costs and endowments.
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