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Trustees Set Tuition and Budget for 2014-2015

03/27/14
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By Jack Dunn | Director of News & Public Affairs

Published: Mar. 27, 2014

The Board of Trustees set tuition for the 2014-2015 academic year at $46,670, as part of a 3.6 percent overall increase in tuition, fees, room and board.

To maintain Boston College’s commitment to providing access to students from diverse socio-economic backgrounds, the University increased need-based undergraduate financial aid by 6.7 percent, to $103.5 million.

Boston College remains one of only 21 private universities in the United States that is need-blind in admissions and meets the full demonstrated need of all undergraduate students. Overall, more than 70 percent of Boston College undergraduates receive financial aid, with the average need-based financial aid package projected to exceed $36,000 this year.

In addition, the Board of Trustees set the University’s 2014-2015 operating budget at $916 million, which includes an additional $7 million in support of academic priorities outlined in the 2006 Strategic Plan.

“The 2014-15 budget reflects our goal of limiting tuition increases while providing the best possible educational experience for our students,” said Executive Vice President Patrick Keating. “It addresses our priorities and builds on the existing strengths that help to distinguish Boston College among the nation’s best universities.”    

“Mindful of the sacrifices that parents make in choosing a private education for their children, we remain focused on identifying cost-savings and promoting campus-wide efficiencies to ensure that our tuition dollars are directed toward the teaching and research priorities of our faculty and the student-formation programs that support our mission.”

Nationally, the average tuition, room and board increase for four-year private universities for the 2013-2014 academic year was 3.7 percent, according to the College Board.

Boston College is ranked 36th in the “Great Schools, Great Prices” category among national universities by US News & World Report. It also placed 24th in Kiplinger’s Personal Finance magazine’s ranking of the top 50 “best values” among American private universities. Overall, the University is ranked 31st among national universities by US News & World Report, and 23rd in Forbes magazine’s “Best National Research Universities.”