Homewood undergraduate tuition will rise next year to
$35,900 to enable the university to maintain its level of
excellence, keep pace with inflation and fully fund
financial aid.
That rate applies to the nearly 4,500 full-time
undergraduates in the Krieger School of Arts and Sciences
and the Whiting School of Engineering.
The 5.9 percent increase over this year's $33,900
tuition was approved by the board of trustees at its
December meeting, along with next year's tuitions for all
other Johns Hopkins full-time and part-time programs.
President William R. Brody said that these tuition
revenues will provide funds to keep up with the increased
costs of running a top-flight university.
"The rising costs of our operating expenses, student
services and security measures cannot be absorbed without a
significant impact on academic programs, and that is
unacceptable," Brody said. "Johns Hopkins must continue to
deliver educational excellence, and in order to do that,
the schools must have the resources and financial
flexibility they require."
Adam Falk, the James B. Knapp Dean of the Krieger
School of Arts and Sciences, said that the schools remain
dedicated to excellence in the student experience, which
entails meeting the high costs associated with increased
student programming, the targeted hiring of faculty in
areas where the school sees significant overenrollment and
the addition of new facilities, such as Charles Commons,
the new residential and retail complex located in Charles
Village.
"We try to keep increases as low as we can while still
strengthening our ability to maintain excellence in the
programs that we have built up and are committed to," he
said.
Falk said that when setting tuition prices, a top
priority continues to be allocating enough funds to
financial aid so that Johns Hopkins can attract a diverse
student body.
"We realize that any increase in tuition imposes an
additional burden on many parents, so we are committed to
increasing the pool of financial aid that is available to
make sure that Johns Hopkins is accessible to a wide
variety of students," Falk said.
About 60 percent of Homewood undergraduates will
receive some form of need-based aid this year, 40 percent
of them in the form of grant assistance from university
funding.
The major sources of revenue for the Homewood
undergraduate schools, other than tuition, are Maryland
state aid, endowment and investment returns, and surpluses
from professional master's programs. All of these revenue
sources are projected to increase at less than the
inflation rate for fiscal year 2008, according to Fred
Puddester, executive director of budget and financial
planning and analysis.
Puddester said that institutions like Johns Hopkins
face ever-increasing costs in health care and utilities,
both of them at rates that exceed those of other businesses
and consumers.
The most significant new cost faced by the academic
divisions--specific to Johns Hopkins and not reflected in
the inflation analysis--is the increasing financial
commitment required by the HopkinsOne project, the
multiyear effort to modernize and upgrade Johns Hopkins'
business systems.
In fiscal year 2007, Johns Hopkins tuition increased
7.2 percent, compared to a median peer school increase of
5.1 percent. Last year's increase was due in large part to
the cost of implementing new security measures at the
Homewood campus.
Next year's tuition increase is more in line with what
the board of trustees feels are acceptable annual
increases. The trustees have held most undergraduate
tuition increases in recent years under 5 percent, well
below the levels of earlier decades.
Brody said that the schools will continue to work to
hold costs down and to raise new funds through the Johns
Hopkins: Knowledge for the World campaign.
Puddester said there continues to be only modest
variation in tuition levels among JHU's peer
institutions.
The university's current tuition ranks seventh among a
group of similarly priced 18 peer universities, including
the Ivy League, Stanford, MIT and Chicago. The spread
between the highest and lowest tuition among the peer group
is $2,185.
The tuition increases for graduate and part-time
programs at Johns Hopkins divisions range from 3.1 percent
to 6.5 percent. The notable exception is a 15.6 increase in
the Peabody Institute's diploma program, where tuition will
be raised from $21,630 to $25,000 in fiscal year 2008.
For a listing of all 2007 tuitions and financial aid
statistics, go to
this page.
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