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(Fiction question) My protagonist is a founder of some universities. How does he inflation-proof his universities?
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January 2nd, 2010
As per Fluther rules, I cannot mention his name nor book title, but this is an Alternate History novel I have planned.
When he founds the Kansas Institute of Technology in 1900, he sets the rate for tuition at $5/credit hour, and room-and-board at $10/month.
To reward high-achievers, the university offers discounts to anyone who achieves a 3.0 GPA or higher, in a sliding scale, until a GPA of a 3.91–4.0 earns them a free ride. (However, that top of the achievement scale only slashes the room-and-board by half, so students can become university employees to help pay the other half.)
The founder wishes to keep the tuition rate at $5/credit-hour for as long as possible, and room-and-board $10/month.
How does he secure funds to stave off rising costs in order to delay hikes for as long as he can?
Also, how does he improve the efficiency of the university’s operation so that the operating costs stay low for as long as possible?
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