Think of Purdue University for a second like a giant pot of money. Yes, yes, some people already do. But bear with us.
Hypothetically, if the nation sees price inflation of any kind, the consumer price index goes up – and it has the last several years.
Now, if that giant pot of money isn’t being added to with even small tuition increases to keep up with inflation, is there more or less money in the pot to give to employees in the form of raises?
On our latest monthly conversation with Purdue President Mitch Daniels, we dig into the economics of a fifth consecutive year of a tuition freeze – and raises lower than last year.
We also ask about the demographic shift at the school which has accounted for some of Purdue’s ability to hold its tuition flat until now.