In addition, Harvard's now $19 billion endowment allows the University to rely less heavily on the tuition it receives.
Harvard depends on its large endowment and other financial sources to keep fee increases low for undergraduates.
Assistant Dean of Admissions and Financial Aid Marlyn McGrath Lewis '70-'73 said, "We are determined to keep Harvard affordable to everyone, and our very generous financial aid program is a key element in that.
This fact has not escaped higher education industry observers.
Harvard's enormous endowment wealth makes it atypical of most private colleges, said Ron Ehrenberg, director of the Cornell Higher Education Research Institute.
Elsewhere, he said, college cost increases have been and will continue to outpace the rate of inflation.
Ehrenberg said private institutions that rely on tuition as their main source of revenue need to increase costs above inflation to maintain school programs, keep class sizes constant and provide faculty salary bonuses.
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