1 Edgar Odell Lovett, Book of the Opening, Vol. 1, p. 186.
2 The Carnegie Commission counts approximately 170 research universities. The Association of American Universities, which began in 1900 with 14 research universities, now has 60, including Rice.
3 The American Association for the Advancement of Science projects a 30% reduction in real spending by the federal government over the next seven years.
4 Phillip A. Griffiths, Issues in Science and Technology, Summer 1995.
5 We derive approximately 41% of our operating expenses from our endowment, a higher figure than any other research university.
6 Many private universities, while continuing to "publish" full-need policies, are actually offering preferential financial aid packages to the more academically qualified students.
7 A recent survey of tuition and fees at the top 29 private research/doctoral universities showed an increase of 5.4% last year.
8 These same 29 universities posted average increases in tuition revenues of 7.6% per year over the past 5 years, but financial aid outlays increased at an average rate of 14.6% per year, reducing the average net revenue gain to 5.9% per year.
9 COFHE is an acronym for the Consortium on Financing Higher Education. It is an association of private universities and colleges.
10 Historical comparisons may be useful here: in the
1980s, the number of undergraduates grew by an annual rate of less than
1% and in the 1990s, it has remained nearly constant; the number of graduate
students grew at an annual rate close to 4% in the 1980s and 2% in the 1990s.
Faculty numbers have grown at average rates of approximately 1% over the
past decade.
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