The Senate Finance Committee sent a letter to Tufts on Jan. 24 requesting detailed information on the school's endowment, tuition costs and financial aid spending. President Lawrence Bacow reported the following
statistics:
5 Proposed percentage requirement of annual endowment spending
4.5 Minimum percentage that Tufts told the Committee it spends each year
$700 million Tufts' endowment in FY 2003-04
$1.4 billion Tufts' endowment in FY 2006-07
$30,817 Total cost of tuition, fall 1999
$46,860 Total cost of tuition, fall 2008
$20.8 million Tuition assistance Tufts provided in 1999
$42 million Tuition assistance Tufts will provide in 2008
