We are trying to make up these other elements by gaining cost efficiencies through our reengineering process and through overt fund-raising activities to better support graduate education. Charles Vest Read Quote
We have been restraining the growth of the cost of education-that is, tuition, room and board-to be within approximately one and a half percentage points of the consumer price index. Charles Vest Read Quote
The term ‘cost shifting,’ as I use it, refers to those items in a university’s budget that used to be reimbursed by the federal government but are no longer paid for by them. Charles Vest Read Quote
Nonetheless, the research budgets of the Department of Defense are under enormous stress-and they are extremely important because they support more than 40 percent of all federal funding for engineering schools across the country. So the threat was and is real. Charles Vest Read Quote
I believe that our office has clearly been the leader in building coalitions, in getting other universities across the contrary to interact more effectively with the government and particularly the Congress. Charles Vest Read Quote
For much of this decade, both Congressional and administration budget projections showed a decline in science and technology accounts of between 20 and 30 percent in real dollars. The real impact to date has been far less severe. Charles Vest Read Quote
Literally from the moment I came in the door of MIT, it was very clear that a highly productive 40-year partnership between U.S. research universities and the federal government was badly eroding. Charles Vest Read Quote
On the other hand, it is not fair to say that changes in federal policy have caused our tuition to rise faster. Every economic argument imaginable would indicate that we should raise tuition at a faster rate than we do. Charles Vest Read Quote
There is no question that we are in a period in which we are going to have to use those sources to fund about 35 million dollars a year that used to be paid for by the federal government. Charles Vest Read Quote
Agency by agency, we frequently have lost a bit of ground, at least to inflation-but had it not been for the efforts we’ve made to educate people about the importance of science, technology and advanced education, those predictions very well might have come true. Charles Vest Read Quote
