Princeton Proposes 2.9% Cost Increase; Ivy Peers May Follow

"Princeton University, expecting a 25 percent loss in its endowment by next June, may set the lowest cost increase to parents and students since 1966 and provide a marker for other top U.S. schools," Bloomberg reports. "If approved, the increase would be about half of last year's U.S. average of 5.9 percent for private institutions, said Tony Pals, a spokesman for the National Association of Independent Colleges and Universities, in Washington. The move may touch off similar cost measures by Princeton's peer institutions, such as Harvard University in Cambridge, Massachusetts, and Yale University in New Haven, Connecticut."

You can read the complete January 8, 2009 Bloomberg article on-line.