’ll tell you a funny story,” said Mitch Daniels, the president of Purdue University. It was the day before the first home football game of the season and he was sitting in his corner office, overlooking the postcard-perfect quad.
“So the cost of a year of undergraduate college at Purdue University, tuition and fees, is $9,992. I’m proud of that number.
“One day I’m looking at one of those college guides, and it said, ‘Tuition and fees: $10,002.’ I called up our people and said, ‘Lookit here, there’s a mistake. You got the wrong number.’ They said, ‘That’s not a mistake.’ I said, ‘Yes, it is. Believe me. I know.’ They went back and checked and they said, ‘No, that’s the right figure.’
“It just bugged me to death. Does Walmart have a special and price it at $10.02? I found out what happened. There’s a second installment on a preexisting gym fee that got tacked on. Ten dollars plus $9,992 equals $10,002.
“Next time I’m at the gym, I ask the guy who runs it, ‘How’s it going here?’ He said, ‘Membership’s up; we’re doing well, making a little profit.’ I thought, Okay, that’s all I needed to know. And the next meeting of the board of trustees, they repealed that fee.
“So now we’re back to $9,992,” he said. There was both self-deprecation and a note of triumph in his chuckle. “I don’t know why it bugged me so much, but it did.”
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[Mitch Daniels is a former governor of the state of Indiana.]
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