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Archive for: Ivy League Tuition Costs

Ivy League Debts

Ivy League Debt, Ivy League Tuition, Tuition Costs in Ivy League, Ivy League Tuition Cost

Students at Harvard University, on average, graduated in 2010 in $10,102 of debt (with 34% of graduates carrying debt). Photo credit: Jacob Rus.

It’s difficult not to hear about rising student debts during these tough economic times. But what’s the data like for Ivy League graduates, you ask? According to The Institute for College Access & Success, among the Ivy League colleges (excluding Columbia since they did not participate in this survey), the average debt for 2010 graduates was highest at Brown University. At Brown University, the average loan debt was $22,468. Graduates of Cornell University graduated with an average of $20,648. Dartmouth College? $18,712. How about the University of Pennsylvania? $17,013. Harvard University? $10,102. Yale University graduates? $9,254. And how about Princeton University? $5,225.

But that’s just the average loan debt for graduates of these Ivy League colleges. That’s only part of the story. What percentage of 2010 graduates were in debt, you ask? The highest percentage of students who graduated in debt in 2010 in the Ivy League was at Cornell University with 52%. Next up? Dartmouth College close behind at 51%. After Dartmouth comes the University of Pennsylvania at 43%, Brown University at 41%, Harvard University at 34%, Yale University at 28%, and Princeton University at 23%.

For college graduates in general, the average grad carried $25,250 in debt — a figure higher than the average debt at each of the seven Ivy League colleges reporting data. Does that surprise you — given that Ivy League colleges tend to be among the pricier universities in the nation? Does it not surprise you? Let us know your thoughts on Ivy League debts by posting below!

College Tuition Costs

College tuition costs increased by 439% from 1982 to 2007. Meanwhile, family income increased by 147% over that same time span. Does that sound a bit ridiculous? It may, but it’s also true according to a report published a couple of years back by the National Center for Public Policy and Higher Education. So our question is — just how ridiculous is a 439% increase in college tuition costs?

University Tuition Costs, College Costs, University Costs, Tuition Hikes, Ivy League Tuition

College tuition costs are not only rising at a rate higher than inflation. They're rising at a rate higher than just about anything (chart from: "New York Times" / December 3, 2008).

Since November, UCLA has raised its university tuition costs by 17.6% and there may indeed be more tuition hikes in Westwood later this year. And they’re not alone. Read about rising Ivy League tuition costs. And read about how college tuition increases at a rate much higher than inflation.

But how does a 439% increase compare to other sectors? Well, during that same 28 year time frame, medical care costs increased by 250%. The consumer price index increased by just a bit over 100%. In fact, college tuition costs “outpace median family income and the cost of medical care, food and housing,” according to a tuition article in the “New York Times.”

Ivy League Tuition Costs

Tuition costs in the Ivy League are on the rise again. Shocker. Dartmouth saw the highest tuition hike at 5.9%. Princeton saw the lowest hike in the last 45 years at 1%. While Columbia has not yet announced their tuition hike the university will, in all likelihood, end up being the most expensive Ivy League university. Princeton currently ranks as the least expensive at $49,069 per year.

Below is the 2011-2012 breakdown for the cost increases at the Ivy League schools accounting for tuition, room, board, and fees:

Columbia University – TBD – 2010-2011 cost was $56,684

Dartmouth College – 5.9% increase – $55,365

Cornell University – 4.5% increase – $54,645

University of Pennsylvania – 3.9% increase – $53,976

Brown University – 3.5% increase – $53,136

Yale University – 5.8% increase – $52,700

Harvard University – 3.8% increase – $52,650

Princeton University – 1% increase – $49,069