Springtime in the US for some families is spent waiting by the mailbox for a coveted acceptance letter to one of the country’s prestigious Ivy League schools.
It used to be that being accepted was the hard part, but now paying for it just became even more out of reach.
As average Americans struggle to pay for eggs, overachievers and their parents will now have to dig a little deeper for that piece of parchment.
Four years at an Ivy League college now costs an average of $300,000, with the annual price of tuition, and room and board more than $80,000 at Yale, the University of Pennsylvania, Dartmouth, Columbia and Brown, according to Bloomberg.
Cornell and Brown are even more expensive, with an average of $85,000 a year.
“Cheaper” options of Princeton and Harvard are about $76,000 a year.
Some economists warn that these hallowed halls are putting student numbers at risk if they continue to raise tuition at such rates.
And 44 per cent to 67 per cent of Ivy Leaguers receive financial aid, meaning growing costs can be prohibitive.
“At some point, that math stops working out,” Beth Akers, a senior fellow at the American Enterprise Institute who focuses on the economics of higher education, told Bloomberg.
“We get to a place where these degrees are just no longer worth it.”
Inflation is not helping to keep costs at bay, no matter the income bracket.
Commonfund, an asset management company, determined that the cost of university rose by more than 5 per cent in 2022, the most that operational costs have increased in a single year since 2001, Bloomberg reported.
EMERGENCY PHONE NUMBERS
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
MATCH INFO
BRIGHTON 0
MANCHESTER UNITED 3
McTominay 44'
Mata 73'
Pogba 80'
Boulder shooting victims
• Denny Strong, 20
• Neven Stanisic, 23
• Rikki Olds, 25
• Tralona Bartkowiak, 49
• Suzanne Fountain, 59
• Teri Leiker, 51
• Eric Talley, 51
• Kevin Mahoney, 61
• Lynn Murray, 62
• Jody Waters, 65
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
Brave CF 27 fight card
Welterweight:
Abdoul Abdouraguimov (champion, FRA) v Jarrah Al Selawe (JOR)
Lightweight:
Anas Siraj Mounir (TUN) v Alex Martinez (CAN)
Welterweight:
Mzwandile Hlongwa (RSA) v Khamzat Chimaev (SWE)
Middleweight:
Tarek Suleiman (SYR) v Rustam Chsiev (RUS)
Mohammad Fakhreddine (LEB) v Christofer Silva (BRA)
Super lightweight:
Alex Nacfur (BRA) v Dwight Brooks (USA)
Bantamweight:
Jalal Al Daaja (JOR) v Tariq Ismail (CAN)
Chris Corton (PHI) v Zia Mashwani (PAK)
Featherweight:
Sulaiman (KUW) v Abdullatip (RUS)
Super lightweight:
Flavio Serafin (BRA) v Mohammad Al Katib (JOR)
UAE currency: the story behind the money in your pockets
