[TonyLima]

Question, what is the true cost of a scholarship? The variable costs of tuition have to be a fairly low percentage. Books probably pretty low as well. Room and board? 50%? So of the $70k total, perhaps only $10k is variable. . . .

Academic year undergraduate tuition alone for the coming year is $61.731.  I found a quote from about 20 years ago that tuition covered about 60% of the actual cost.  It is not clear whether that refers to the list tuition cost or the tuition net of scholarships.  I assume it is the former.

Wait. You're saying that the cost of one student on the margin is $100k and the university is only charging $60k. Somethings amiss. I'd imagine that adding one student wouldn't increase costs much at all. . . .

The biggest cost is faculty which in the Stanford model is much more variable cost, than fixed.  Stanford does not have as many very large lecture classes and uses more tenured faculty, compared to the large football factories.

During the Mesozoic Era I was a grad student in economics.  I was a TA for Lee Bach teaching econ 1.  Enrollment was about 400 iirc.  When I taught intermediate macroeconomics I had about 125 students.

[TonyLima]

Question, what is the true cost of a scholarship? The variable costs of tuition have to be a fairly low percentage. Books probably pretty low as well. Room and board? 50%? So of the $70k total, perhaps only $10k is variable. . . .

Academic year undergraduate tuition alone for the coming year is $61.731.  I found a quote from about 20 years ago that tuition covered about 60% of the actual cost.  It is not clear whether that refers to the list tuition cost or the tuition net of scholarships.  I assume it is the former.

Wait. You're saying that the cost of one student on the margin is $100k and the university is only charging $60k. Somethings amiss. I'd imagine that adding one student wouldn't increase costs much at all. . . .

The biggest cost is faculty which in the Stanford model is much more variable cost, than fixed.  Stanford does not have as many very large lecture classes and uses more tenured faculty, compared to the large football factories.

During the Mesozoic Era I was a grad student in economics.  I was a TA for Lee Bach teaching econ 1.  Enrollment was about 400 iirc.  When I taught intermediate macroeconomics I had about 125 students.