Boston University Blames Inflation for New Increase in Tuition
“also acknowledged the burden that the decision will have on families that are also impacted by rising inflation”
Boston University is now going to cost over $60,000 a year to attend. Who can afford this?
Campus Reform reports:
University blames inflation for largest tuition increase in 14 years
Boston University’s (BU) largest tuition hike in 14 years will take effect at the start of the 2022-2023 academic year.
BU President Robert Brown announced the price increase to faculty and staff in a letter published May 6.
The cost of tuition will increase by 4.25%, which Brown acknowledges is the largest jump in 14 years.
Brown cited inflation as the primary reason for the increase. However, he also acknowledged the burden that the decision will have on families that are also impacted by rising inflation.
“We are caught in an inflationary vise between the institutional pressures and the impact on our students and their families,” the letter states.
BU student Kevin Boulandier told Campus Reform that the tuition increase is “ridiculous.”
“I think that’s unfair to blame ‘inflation’ for raising tuition prices,” he stated. “Their prices are already inflated, no need to cite inflation for another increase.”
The new tuition price will be $61,050 per student.
“They are just doing this because they saw a record number of freshmen applied this year and thus they found out that no matter how much they raise rates, people are still going to come because of the school’s reputation,” he alleged.
The Massachusetts university does spend money on progressive agenda items including Diversity, Equity, and Inclusion (DEI) programming.
BU’s Fiscal Year 2023 Budgeting Guidelines designate a portion of the money to sponsor left-wing initiatives. A portion of the budget was carved out to support “Diversity, Equity, and Inclusion initiatives” and the “University’s Climate Action Plan.”
Per BU’s “Fiscal 2023 Budget Process” documentation, the university “ended Fiscal 2021 with $29.8 million in undesignated reserves” and tuition and other student fees rose 2.6% for the 2022 fiscal year.
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And then Biden is telling students that they don’t need to worry about how high tuition goes as long as they vote Democrat, and the Dems will make taxpayers pay their debts.
It’s not hard to see why all the universities are (quietly) throwing their considerable influence behind the “student loan forgiveness” schemes.
Considering that their tuition increases were already exceeding inflation, they have to catch up with the new Bidenomics inflation rates.