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The (Yes) Low Cost of Higher Ed

On Oct. 2, 2003, board members at the University of Virginia filed into the Upper East Oval Room of the Rotunda, the centerpiece of Thomas Jeffersonâ??s campus design, for one of their regular meetings. As usual, they were joined by the universityâ??s top administrators. Just before the meeting began, a member of U.Va.â??s public affairs staff walked over to John T. Casteen III, the university president, to hand him a clipping from that morningâ??s newspaper.