Texas Tuition Bill - thoughts.

[OldGuy]

@Saint_Cad

Well no because research is often paid by grants and there is a separate maintainance budget. And look at the numbers … $40,000 per year x 20,000 students means their instruction costs are $800,000,000 per year. They must pay their professors a lot of money.

That would be true if all that money went to professors’ salaries. A lot of it goes to heat, electricity, upkeep, administration and staff salaries. etc. But even then it might not be a lot. An extreme case is Cal Tech (whose tuition is 45,000 and has a student faculty ratio of 3. That would be $135,000 for an average Cal Tech compensation and I’m sure it’s higher. Recall those numbers must pay total compensation including retirement, health insurance, etc.

Yale’s ratio about 6 to 1 which would be $240,000 in total compensation.

Many colleges have larger ratios, but those usually have lower tuitions as well.

[Dewey_Finn]

Also, the assumption that “$40,000 per year x 20,000 students” means that the school is reeiving $800 million in revenues is obviously false, since some large percentage of the students aren’t paying the full $40,000 annually.

[Derleth]

@Quartz

I’d rather not pay it at all.

Could you at least pretend to read my post?

[Saint_Cad]

@Dewey_Finn

Also, the assumption that “$40,000 per year x 20,000 students” means that the school is reeiving $800 million in revenues is obviously false, since some large percentage of the students aren’t paying the full $40,000 annually.

I never said anything about revenue did I? I’m only talking about Harvard’s claimed costs.

[Dewey_Finn]

OK, you were talking about costs. But where does Harvard claim instruction costs of $800 million?

[Ruken]

@Dewey_Finn

OK, you were talking about costs. But where does Harvard claim instruction costs of $800 million?

I’ve been getting this sort of information here: Education Data Initiative: College Costs & Student Loan Research

But I’m not sure exactly where they’re getting their numbers. It can be a little complicated when you have professional schools, a hospital, massive research programs, etc. But they’re saying $40k per FTE student just for instruction. Not including student services, academic support, operations and maintenance, and institutional support. I’m not sure what all those terms mean.

ETA they have a glossary: Education Data Initiative: College Costs & Student Loan Research