Haas hikes fee?

Question

Kry, this one's for you :-)

https://www.businessweek.com/bschools/content/sep2007/bs20070925_024704.htm?link_position=link3

aviroop · Answer

Should it affect 08ers? it seems the hike comes into play more in from 2010 - isnt that when global warming takes over, floods sweep through all the cities and I build an ark and save the women from the Playboy mansion?

kryzak · Answer

Thanks KingKREEP! Yes, they mentioned that they were working on this when I attended the Haas summer infosession. I agree with their reasonings (even though the costs will hurt!) if they can really retain the top faculty and improve faculty/student ratio and services. $10-15K difference over each year is nothing compared to if the school can provide you with better education, network, and facilities, as well as increase its reputation after you graduate.

On the plus side, that means fewer students apply in the near term (wishful thinking) and I can get in easier!

Avi, I think they're going to go up 7-15% for our first year (2008-2009) to reach $40K in 2010-2011.

aviroop · Answer

another reason for u to go to stanford...if its california schools guess UCLA is also in the hike package

Maybe those guys can spend this money on making a better website and PR

gmatclb · Answer

What a joke....

 Officials at all of the schools plan to offset the impact of the tuition increases on students by using at least 33% of the additional revenue to expand their financial aid programs.  


This is just a reallocation of who pays more tuition. Public universities should remain much cheaper than private schools.

Did you see the end of the article where Illinois State University's College of Business has a dress code. What an even bigger joke.

aurobindo · Answer

ha ha. Some schools and some profs never grow up

kryzak · Answer

The professional schools in the public school system isn't really part of the system. They really don't get enough funding from the state and their tuition doesn't cover the cost of retaining top faculty to make their programs and facilities competitive with the private schools. It's amazing already how Ross, Haas, UCLA, and Darden can maintain such high quality schools with the cheaper tuition (well, according to the article, Ross and Darden charge close to private school levels). Even Haas' out of state tuition is still cheaper than almost any other top 15 school. A price hike is justified in this case.

gmatclb · Answer

Yeah... raise tuition to retain professors and build new resources is all good and fine,

but the extra money will probably be used to offer more scholarship money. In this case, I think it's wrong.

kryzak · Answer

Offering scholarships also attract better talent. Many GMATClubbers here chose one school over another (of roughly similar tiers) because of the amount of scholarship offered. If that can help their alumni network, their rankings, and which companies they can get to hire on campus, then I'm all for it.

gmatclb · Answer

Personally, I'd rather see my future B school recruit and attract top students through better factilities, better teachers, better companies that recruit, better everything rather than "buy" the top students at the expense of the other students.

I'd rather my fellow classmate be at my school because he/she wanted to be there, not because "we" offered him more money than that other school.

kryzak · Answer

Well, to each their own. I will be happy to not have the competition for Haas and UCLA.

Haas hikes fee?

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