crichton91
New Member
Here's a news flash for ya'll (sorry the news is about a month old). Riddle is raising tuition again. Current students will be hit by an 8% increase next school year (2002-03). And another 8%, compounded, in 2003-04 school year.
For new students entering next year, the tuition increase will be even more painfull. Next school year will see a 16% increase, and in 2003-04 another 16% increase (compounded)
. This means that incoming students will be paying $17,850 in 2002 and $20,700 in 2003, compared to the current cost of $15,370. That's just the tuition increase. You still have to add Room & Board expenses on top of that.
Of course these are just the tuition increases. Riddle also plans to increase the already ridiculous flight fees and student fees each year by 6% compounded.
Why is the administration doing this? Well, no one knows, but speculation on the newspaper staff is that the school is trying to do two things. One, make the school more selective without raising the academic standards (in other words narrow eligible students to the rich population). And two, make up for the pathetically low endowment that the university receives from its alumni. Embry-Riddle ranks amongst the lowest of the low when it comes to how much the alumni donate back to the university.
I love the school, and I do plan on staying here. But this increase would definetly make me think twice about it if I was an entering student who was subject to these tremendous increases. And I figured I better get it out there, as I doubt that Riddle will be including this tidbit of info in their 2002-03 admissions flyer.
[ December 10, 2001: Message edited by: Marc ]
For new students entering next year, the tuition increase will be even more painfull. Next school year will see a 16% increase, and in 2003-04 another 16% increase (compounded)
Of course these are just the tuition increases. Riddle also plans to increase the already ridiculous flight fees and student fees each year by 6% compounded.
Why is the administration doing this? Well, no one knows, but speculation on the newspaper staff is that the school is trying to do two things. One, make the school more selective without raising the academic standards (in other words narrow eligible students to the rich population). And two, make up for the pathetically low endowment that the university receives from its alumni. Embry-Riddle ranks amongst the lowest of the low when it comes to how much the alumni donate back to the university.
I love the school, and I do plan on staying here. But this increase would definetly make me think twice about it if I was an entering student who was subject to these tremendous increases. And I figured I better get it out there, as I doubt that Riddle will be including this tidbit of info in their 2002-03 admissions flyer.
[ December 10, 2001: Message edited by: Marc ]
