Tuition for undergraduates in the Johns Hopkins University's Krieger School of Arts and Sciences and Whiting School of Engineering will climb just over 4.5 percent this fall, the second-smallest percentage increase in 28 years.
The $1,180 increase, to $27,390, was approved at the February meeting of the university's board of trustees. In raw dollars, it is the smallest increase in four years. It applies to nearly 4,000 full-time undergraduates in the Arts and Sciences and Engineering schools, both located on the university's Homewood campus. The same increase applies to full-time graduate students in the two schools.
The 4.5 percent increase is down significantly from this academic year's 5.1 percent and last year's 5.4 percent hikes. In each of those years, the increase has included $330 to cover operating costs of the Mattin Center, an arts building that opened last year, and the student recreation center, new this year. Last fall's was the second and final tuition increase with a portion pegged specifically to the opening of the two new centers.
Other than a 4.3 percent hike in the 1999-2000 academic year, the 2002-2003 tuition increase for Homewood students is lower in percentage terms than in any year since 1974- 1975.
"The trustees and administration are acutely aware of the impact of tuition costs on our students and their families," said Richard McCarty, dean of the Krieger School of Arts and Sciences. "We have worked very hard over the past several years to keep cost increases well below the 6 and 7 percent increases that were necessary in the early 1990s."
In fact, financial aid will cut the true cost of next year's education at Hopkins for many undergraduates well below the $27,390 "sticker price." This year, 40 percent of Homewood undergrads receive need-based grant aid. This year's total financial aid package from all sources -- university funds, federal grants and loans, and private or other aid -- is $48 million.
"Financial aid is a major priority for the university, both in budget planning and in fund raising," said Ilene Busch-Vishniac, dean of the Whiting School of Engineering. "Next year, the financial aid budget will increase again, probably on the order of at least $2 million, to enable us to keep a Hopkins education affordable for all our students."
Since 1999-2000, the university -- working with a gift from trustee chairman Michael R. Bloomberg -- has been increasing the grant portion of financial aid packages and decreasing loans, working toward a goal of cutting undergraduates' average indebtedness at graduation to $16,000.
Next year's room and board for Homewood undergraduates will increase 3.8 percent, to $8,829 (for a 19-meal plan and a double in the Alumni Memorial Residences). The total of tuition, room, board and estimated personal expenses for undergraduates living on campus will rise 3.3 percent to $37,819 from the current $36,316.
Next year's tuition rates for other Hopkins schools and
programs are available online at
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