Last year, the median sticker price at about 280 private colleges and universities tracked by the debt-rating firm rose 3.9%, the smallest increase in at least 12 years.
In fiscal 2011, more than a third of private colleges and universities rated by Moody's Investors Service failed to post tuition revenue growth at or above the Federal Reserve's target 2% rate of inflation.
In several conference calls with our executive committee in December and January, we outlined our financial models and the new realities for most private colleges and universities--declining numbers of students paying full tuition, an increasing discount rate and stiffer competition from public universities.
Moreover, by offering increasingly generous packages to students who haven't demonstrated a need, private colleges and universities make haggling and bickering the norm, and direct too many dollars away from families that can't afford the high sticker price and whose needs therefore go unmet.
The legislature has found and hereby declares that the availability of legitimate courses and programs leading to academic degrees offered by responsible private not-for-profit and for-profit institutions of postsecondary education and the existence of legitimate private colleges and universities are in the best interests of the people of this state.
Advocates of for-profit schools, like Harris Miller of the Association of Private Sector Colleges and Universities, say that students at for-profits tend to carry higher debt loads because many come from at-risk and low-income backgrounds.
Private universities and colleges with lower credit ratings, as well as smaller public universities, reported the most enrollment pressure, according to Moody's.
Today the vast majority of U.S. colleges and universities, public and private, prohibit guns.
Today, California colleges and universities are comparably priced to their private competitors.
FORBES: Does Higher Education Need To Go Back To The Fifties?
In 1950, there were about 1.14 million students in public colleges and universities and about the same number in private ones.
The network of Jesuit colleges, universities, and high schools is the largest private school system in the world.
State colleges and universities even have controlled prices to students somewhat by throwing more tax dollars at institutions and through private fund raising.
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