Board of Trustees Sets Tuition for 2013-14 Year
University to increase undergraduate financial aid to $97 million
The Board of Trustees has set tuition for the 2013-2014 academic year at $44,870, as part of a 3.6 percent overall increase in tuition, room and board.
To maintain Boston College’s commitment to providing access to students regardless of financial need, the University increased need-based undergraduate financial aid by 7.9 percent, to $97 million, and overall student aid to $152 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 accepted undergraduate students. Nearly 70 percent of Boston College students receive financial aid, with the average need-based financial aid package projected to exceed $35,000 this year.
In addition, the Board of Trustees set the University’s 2013-2014 operating budget at $886 million, which includes an additional $7 million in support of academic priorities outlined in the 2006 Strategic Plan.
“This budget will provide funds essential for Boston College to continue investing in academic programs, facilities and student financial aid, and to maintain institutional momentum,” said University President William P. Leahy, SJ.
Executive Vice President Patrick Keating stated that the budget and corresponding tuition increase reflect the University’s ongoing commitment to limiting tuition growth through cost containment initiatives. “Through our various institutional assessment and energy conservation programs, we will continue to find ways to reduce costs without sacrificing the programs and services that make the Boston College experience so enriching for our students,” said Keating.
Nationally, the average tuition, room and board increase for private universities for the 2012-2013 academic year was 4.1 percent, according to the College Board.
Boston College was ranked 39th in the “Great Schools, Great Prices” category among national universities by US News & World Report. It also placed 26th 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 26th in Forbes magazine’s “America’s Best Colleges.”