The Yale Daily News reports that Harvard has hiked up tuition to over 50k. Another reason why Yale is better (even though it only costs 1000 less).
Good thing Harvard also has plans to bolster its financial aid budget, raising total aid by 9 percent or $13 million.
Question: Why don’t we use endowments instead of hiking up tuition? Aren’t there unused millions? I’m sure there’s a reasonable explanation, I just don’t understand.