Tuition for Homewood undergraduates will climb just over 4.5 percent this fall, the second-smallest increase in percentage terms in 28 years.
The $1,180 increase, to $27,390, was approved at the February meeting of the board of trustees. In dollars, it is the smallest increase in four years.
The 4.5 percent increase next year for Homewood's nearly 4,000 full-time undergraduates--which also applies to Homewood's full-time graduate students--is down significantly from this year's 5.1 percent and 5.4 percent the year before. In each of those years, the increase included $330 to cover operating costs of the Mattin Center, which opened last year, and the student recreation center, new this year. This year's was the final tuition increase 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 rate increase for Homewood undergraduates is lower than in any year since 1974-75.
"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.
Ilene Busch-Vishniac, dean of the Whiting School of Engineering, said, "Financial aid is a major priority for the university, both in budget planning and in fund raising. Next year," she said, "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 double in the Alumni Memorial Residences and a 19-meal plan). 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.
Around the rest of the university, tuition increases for next year range from 2.7 percent for SPSBE undergraduates studying at the school's Washington, D.C., center to 12.3 percent for master of liberal arts students (even so, MLA tuition will remain well below that charged in many other part-time Hopkins master's degree programs).
Next year's tuition rates for each school and program
are available online at