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National Briefing / Massachusetts

Harvard to raise undergrad tuition

February 19, 2009|Times Wire Reports

Harvard University will raise undergraduate tuition 3.5%, to $33,696 a year, and reconsider its planned expansion into Boston's Allston neighborhood after record losses to its endowment.

Construction of a science complex will slow this year and broader plans for developing the Allston campus are delayed, President Drew Gilpin Faust said in a letter posted on Harvard's website.

The Cambridge, Mass., school said in December that its endowment, the richest in education, lost $8 billion, or 22%, in the four months that ended Oct. 31.

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