northwestern university in evanston, illinois, this is near chicago, now joining us on the bus is morton shapiro, mr. shapiro, let's just begin with challenges that you see to higher education as the president of northwestern university. >> thank you, greta and welcome to you, i wish you were here in person, it's a beautiful day here on the north shore of chicago. challenges are funding challenges, we are a very big research university. we get about $600 million a year in sponsored research. i saw earlier before i got on, francis collins, of the national institutes of health was on, they alone are one of the major funders, you worry about keeping the labs going, you worry about affordability for the most talented students in the country, indeed in the world regardless of family circumstance. >> the tuition for northwestern university in state and out of state is $46,836 room and board, comes in at $14,389, why is the price tag over 46,000 to attending northwestern university? >> as you just said greta, the sticker price is 46,000. but you add in room and board, it goes up to $60,000. we have abo

northwestern university in evanston, illinois, this is near chicago, now joining us on the bus is morton shapiro, mr. shapiro, let's just begin with challenges that you see to higher education as the president of northwestern university. >> thank you, greta and welcome to you, i wish you were here in person, it's a beautiful day here on the north shore of chicago. challenges are funding challenges, we are a very big research university. we get about $600 million a year in sponsored research. i saw earlier before i got on, francis collins, of the national institutes of health was on, they alone are one of the major funders, you worry about keeping the labs going, you worry about affordability for the most talented students in the country, indeed in the world regardless of family circumstance. >> the tuition for northwestern university in state and out of state is $46,836 room and board, comes in at $14,389, why is the price tag over 46,000 to attending northwestern university? >> as you just said greta, the sticker price is 46,000. but you add in room and board, it goes up to $60,000. we have abo