Entrepreneur To Pay More For Training
Small Endowment, Rising Costs Of Case System Force Hike In Business School Tuition
A $100 increase in tuition--from $300 to $400 per term--for all students at the Business School, effective in the Fall Term, has been announced by President Conant.
Existing loan funds and scholarships are adequate to meet the increased needs, although additional funds will be required in coming years, Business School officials assured present students.
Provost Buck, in an announcement made earlier this year after Yale College tuition was boosted to $600 per year, stated that tuition for undergraduates would remain at the pre-war $400 figure in 1947-48, and that every effort was being made to raise funds by other means than an additional financial burden on the College student.
Case System Instruction Costly
In releasing the statement, President Conant said, "It is with great reluctance and only after careful study that the Harvard Corporation has approved this increase--which does not affect tuition in other branches of the University.
"Each faculty at Harvard has its own problems. Those of the Business School are complicated by the fact that the School has a very small endowment and that the case system of instruction, in which the School is still pioneering in the business field, is extremely costly."
Scholarships Will Aid
President Conant hoped that the measure would not be a barrier to students from lower income groups because of the School's "careful plans by means of scholarships and loans to keep its doors open to men of intellectual promise but of limited means." He also noted that professional training in business is only a two-year course, compared to three or four years in other postgraduate fields.
"Tuition in most of the eleven professional schools will be held at $200 a term or $400 for the college year 1947-48," President Conant declared.
Along with the tuition increase, the Business School is instituting a rigorous program to reduce expenses. Efforts are also being made to raise an additional $5,000,000 endowment. There are no University funds available to supplement the Business School endowment income.