January 19, 2015
In an update last week, D&B Editor Diane Ramirez discussed how Purdue University‘s revenue increased 1% in 2013 to $1.5 billion as a result of higher student fee rates and a rise in federal grants; however, those increases were partially offset by a decline in county grants as well as an overall decline in student enrollment. Net income also skyrocketed 67% to $227 million that year as investment returns increased. The Boilermakers’ primary sources of income include student tuition and fees. The school also attracts more than $450 million in research funding each year from a variety of sources including government agencies, foundations, and corporate partners. Follow Diane on Twitter.