President Taylor announced that for the incoming Class of 1909 the trustees had agreed to increase tuition and residence fees, which had remained fixed since 1866 at $100 and $300 per annum.  Each fee was increased by $50, thereby increasing the four-year cost of attending Vassar a total of $400.  The trustees also voted to limit the enrollment of the college to 1,000 students.

When Taylor announced the tuition increase in chapel the following hymn was sung:

             O Lord, I know that all my life is portioned out for me

            The changes that are sure to come I do not fear to see.