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Some of the students in the Harvard Graduate School of Business Administration have figured out that their education costs them each $4.05 per class-room hour. The figure is based upon the cost of tuition, living expenses in Cambridge, and the value of a student's time if he were in outside employment, estimated at 9.30 per week.
The students undertook to compile these figures after it had been announced by the Dean's office that the cost of operating the Business School is being met solely from its income like any sound business. The only income of the Business School is the tuition of its students, which, with present enrolment, is about $240,000 per year.
It is the opinion of some of the faculty that the knowledge on the part of the students that their Instruction is costing each one of them $4.05 an hour results in a serious determination toward their work not otherwise obtainable.
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