New York: Yale University said it will cost undergraduates at Yale College 3.3% more to attend the next academic year, joining fellow Ivy League and other selective universities in raising tuition fees and cutting budgets in the face of declining endowments.
Undergraduates will pay $47,500 (Rs24.7 lakh) in 2009-10 for tuition, room and board, the school in New Haven, Connecticut, said in an emailed statement. The current cost is $46,000, an increase of 2.2% from the 2007-2008 academic year.
Yale last week announced trims of $37 million from the budget that begins on 1 July. The school is also postponing $2 billion of construction, reducing budgets and curtailing raises for employees who make more than $75,000 annually.