Inquirer Editorial: Temple's focus on tuition sets the right example

Neil D. Theobald
Neil D. Theobald
Posted: August 16, 2012

With student debt hitting the trillion-dollar mark, outpacing car and credit-card debt, Temple University's announcement of a $100 million fund-raising drive to write down student tuition is welcome.

Famous Temple grad Bill Cosby has pitched in with a few videos to help pitch fellow alumni and others. Half of the money would go directly to student aid, and the other half would seed an endowment fund to sustain it.

The size of this fund-raising drive, four years of cost-cutting, and a base tuition freeze this year puts Temple in the vanguard of universities tackling the price of a college education.

As government aid was cut, universities leaned more heavily on students and their parents for support. But working- and middle-class incomes declined at the same time, making it harder for families to afford college.

Acknowledging the financial difficulties families face, Patrick O'Connor, chairman of the Temple trustee board, said, "At some point, I'd like to see us decrease tuition."

That's a path every university needs to take, but it will require some hard decisions to reduce their spending.

Meanwhile, new Temple president Neil D. Theobald, who was senior vice president and chief financial officer at Indiana University, told students and faculty in meetings last week that raising money will be his top priority.

O'Connor said the university wants to become a rigorous participant in the national conversation to address the ever-increasing cost of higher education and the resulting student debt. Other universities should take note.

|
|
|
|
|