Hempstead, NY Vol.76 | Issue 22
The Hofstra
Ch e Chronicle C el e b r at i n
Thursday
March 31, 2011
g 75 Ye a r s a t H o fstra
1935
Keeping the Hofstra Community informed since 1935
100 STUDENTS WERE ASKED:
September 23, 1935, the first day of classes at Hofstra, tuition for the entire year was $375.
1957
-University Archives
50000
4% No
40000
30000
April 3, 1957 University tuition was $25 per semester hour, an increase of $3 from the precvious semester.
“DO YOU THINK HOFSTRA’S TUTION IS TOO HIGH?”
TUITION COST COMPARED TO COMPETING UNIVERSITIES
20000
$
$
$
$
$
96% Yes
Hofstra Adelphi FORDHAM Fordham Northeastern Boston Univ. HOFSTRA ADELPHI NORTHEASTERN B.U.
FINANCIAL AID STATISTICS
1974
-NY Times
January 1974 Hofstra raises tuition from $70 per credit hour to $78.
61.2%
Students who recieved need-based financial aid.
1975
-NY Times
November 15, 1975 Hofstra announces a $1.4 million deficit. University President Robert L. Payton notifies 111 of Hofstra’s 600 administrative employees that they are being dismissed.
1997
-NY Times
52.8%
Average percent of need met.
Students who applied for need-based financial aid.
Need-based scholarship or grant given.
Students whose need was fully met.
“AFTER GRADUATION HOW MUCH DEBT WILL YOU HAVE?”
40 -
Student-loan volume more than doubled in the past ten years, from $44.6 billion to $94.5 billion annually. Student loans now make up the majority of all tuition aid.
30 20 -
1997 Tuition, fees, room and board at Hofstra amount to $18,752 a year, about $5,000 less than Hofstra’s three leading competitors: NYU, BU and Syracuse
-U.S. News and World Report
51.8%
19.3%
” ”
At Hofstra University, 61.2 percent of full-time undergraduates receive some kind of need-based financial aid and the average need-based scholarship or grant award is $11,000.
Need based selfhelp aid.
100 STUDENTS WERE ASKED:
-Anya Kamenetz “DIY U”
10 NONE
$0-$10,000
$10,001$25,000
$25,001$50,000
$50,001$100,000
$100,000 +
TUITION PERCENT INCREASE VS. INFLATION
-NY Times
2011
56%
75.7%
75 YEARS OF HOFSTRA TUITION
1997-2011
March 31, 2011 University tuition is $15,375 per semester, totaling $30,750 for the year. With the addition of fees, average meal plan and average room and board the grand total is $43,216 for the year. -Hofstra University Web Site
1974-1997
1957-1974
By Lisa DiCarlucci ENTERTAINMENT EDITOR
In the past 75 years, the tuition at Hofstra University has grown steadily in cost. In 1935 the cost of going to college included little more than the actual price per credit but research shows that it is difficult for private universities to compete today without extras. Provost Herman Berliner is quoted in Anya Kamenetz book, DIY U saying, “The students are looking for all those extras, a very personal education, and a small student faculty ratio...They’re looking for a fully textured experience. The expectations have gone up tremendously, and we’re doing everything we can to meet those expecations.” And while this may seem like something new to our generation, articles from Newsday’s archive indicate that student’s were looking for these “extras” even in 1989. A quick look around campus at the new Recreation Center, rennovated residence halls and dining facilities indicate that Hofstra is making an effort to provide us with those “extras” but they do not come without a significant cost. The research shown on the left indicates that while Hofstra’s cost is significant, it is standard and even quite lower than competing schools. Data was collected from the Hofstra University Archives, New York Times, Newsday, US News and World Report and DIY U.
TUITON PERCENT INCREASE INFLATION PERCENT INCREASE
1935-1957
100
200
300
400
500
600
700