The link below describes Harvard’s planned tuition increases for the upcoming academic year. Assuming about 35% of students are paying full price and everyone else is getting a free ride (in other words, a very rough estimate of reality), that means tuition will bring in revenue of at least $114 million for next academic year, which is about 10% of the annual operating budget of the Faculty of Arts and Sciences, which houses the College.
In other words, it pays to have a huge endowment and adamant fundraisers. And Harvard students have access to resources that are provided through a budget that is unimaginable this side of the border.
Even the Harvard School of Public Health, one of their poorer faculties, has an operating budget of at least $300 million. By contrast, the entire University of Waterloo operates on about $500 million per year, despite having four times as many undergraduates than the Faculty of Arts and Sciences, in addition to over 3000 graduate students. (The Harvard School of Public Health doesn’t serve an undergraduate population at all and serves just under 1000 graduate students.)
Harvard College Price Tag and Financial Aid Both Edge Up | Harvard Magazine.
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