Dr. Faust on online education, the science boom and why college is worth $60,000
Fifty years ago, the annual cost to attend Harvard University was less than $2,500, or about $18,000 in current dollars. Today a year at Harvard costs almost $60,000, including tuition, room and fees. But as the debate rages over the spiraling cost of college in the U.S.— higher tuition has led to an estimated $1.2 trillion in student debt— Drew Gilpin Faust, the university's president, is ready to stand her ground. It's still worth it, she says—and not just for the lucky few who make it to the elite confines of Harvard Yard.