Word: tuitional
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...spends most of its money on services that both directly and indirectly affect its students' education. The unrestricted funds that come from tuition can be used to compensate faculty and pay for salaries, fund administrative buildings and staff, operate instructional departments, and sponsor research...
...Harvard, the final tuition, based on an amalgamation of both monetary and social factors, is the product of what the Treasurer of the University D. Ronald Daniel calls a "dialogue" between Knowles and the corporation...
Familiar with the budgets of all the schools, the corporation guides Knowles through the process. Then, in the late spring, Daniel and his colleagues must approve Knowles's tuition value...
University officials say Knowles' decision is based in part on his evaluation of the tuition market. While they may not always admit it, all schools are watching their competition, aiming to lure prospective students with attractive tuition rates...
Elizabeth C. "Beppie" Huidekoper, Harvard's vice president for finance, says what other schools are offering does have some effect on Harvard's tuition figure...