February 19, 2004 • Volume 12 Number 11
Board of Trustees Set Tuition and Budget for 2004-05
The Board of Trustees voted on Feb. 6 to increase tuition, room and board for the 2004-2005 year by 6 percent, raising the total cost of a BC undergraduate education to $39,642. Specifically, tuition was set at $28,940 and mandatory fees at $456. The average room rate was set at $6,596 and board at $3,650.
To help offset the increase, the University also raised student financial aid by $7.3 million, or 6.7 percent, to $88.4 million.
The trustees approved the University's operating budget at $576.9 million, balanced for the 33rd consecutive year. As part of the budget, they allocated $3.3 million in new positions to support faculty initiatives, graduate stipends and technology, and a use allowance increase of $6.2 million for the St. Ignatius Gate residence hall, dormitory renovations projects, and McElroy Commons and science lab upgrades. The budget also includes increases for staff salaries and departmental operating budgets.
In setting tuition, the University continued to monitor tuition costs at the 20 select private colleges and universities against which it competes for students. This academic year, Boston College's tuition was the 17th lowest of the 20 competitor schools, which include Notre Dame, Georgetown, the College of the Holy Cross and Boston, Tufts, Duke and Brown universities. -Jack Dunn •