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The following graph shows the inflation rates of general costs of living (for urban consumers; the CPI-U), medical costs (medical costs component of the consumer price index (CPI)), and college and tuition and fees for private four-year colleges (from College Board data) from 1978 to 2008. All rates are computed relative to 1978.
The tuition cost was the main driver in money lost as tuition had been seldom raised since the 1880s and James estimated that the college was losing around $75 per student. James increased the tuition cost by $75 and offered student work programs to reduce fees by 20 cents an hour. The work included cooking, cleaning, repairs and farming.
The U.S. News & World Report highlighted the Honors College as one of six institutions in the country that offer a high quality education at a low cost, focusing on the valuable opportunities and connections available to students in the program. [5] The Honors College serves all undergraduate majors. [2] In April 2002, the Walton Family ...
Arkansas College was founded in Fayetteville, Arkansas in 1850 by pastor Robert Graham (1822-1901). In 1852, it was the first school to receive a school charter from the state of Arkansas. In 1859, William Baxter became the second president of the college. In 1862, the college was destroyed by Confederate forces during the American Civil War.
The college was founded in 1982 by professor of philosophy Dr. Norbert Schedler and was one of the first Honors Colleges in the United States. [3] [4] The first class in the spring of 1982 was composed of 60 students with an average ACT score of 26.8 and a very tight budget.
In 2017, a federal endowment tax was enacted in the Tax Cuts and Jobs Act of 2017 in the form of an excise tax of 1.4% on institutions that have at least 500 tuition-paying students and net assets of at least $500,000 per student. The $500,000 is not adjusted for inflation, so the threshold is effectively lowered over time.
The college began holding classes on August 26, 1974. It had 684 students enrolled for its initial semester. In 2005, the school opened an extension center in Wynne, Arkansas. [3] In 2017, the Arkansas General Assembly passed Act 636, which laid out the process for merging EACC and the nearby Crowley's Ridge Technical Institute (CRTI).
The Arkansas Board of Education has pressed Haas Hall to address a lack of diversity in their student body. [ 6 ] In April 2019, Haas Hall was allowed by the Arkansas Board of Education to address the issue by attending local festivals and events, advertising, and minority-targeted mailers sent twice yearly.