Trustees Set Tuition, Budget for 2010-11
ByThe Boston College Board of Trustees has set tuition for the 2010-2011 academic year at $39,880, an increase of 3.5 percent, the second lowest increase in 35 years.
Reflecting Boston College's commitment to providing access to students regardless of their family's financial means, the University increased need-based undergraduate financial aid by 7 percent, or $5.5 million, to $79.3 million, and overall student aid by $8.4 million to $128 million.
Boston College remains one of only 27 private universities in the United States with need-blind admissions and that meets the full demonstrated need of all accepted students. Seventy percent of Boston College students receive financial aid, with the average need-based financial aid package projected to increase to $31,000 this year.
In addition, the trustees set the University's 2010-2011 operating budget at $807 million, which includes $8 million in support of academic programs outlined in the 2006 Strategic Plan.
"We are sensitive to the economic pressures on our families today, and we want to do all that we can to operate as efficiently and affordably as possible," said University President William P. Leahy, SJ. "This budget enables Boston College to maintain its momentum and continue its commitment to academic excellence, need-blind admissions and meeting the full demonstrated need of undergraduates."
Executive Vice President Patrick Keating stated that the budget and tuition increase reflect the University's ongoing commitment to reducing costs through initiatives such as a limited hiring freeze for administrative and staff positions, an early-retirement program for eligible non-faculty employees and energy conservation efforts to reduce utility costs.
"We have found and will continue to find ways to reduce expenditures without sacrificing the programs and services that make the Boston College experience so meaningful for our students," said Keating.
The University continues to monitor tuition costs at the select private universities with which it competes for students.
Among tuitions announced this year:
∙George Washington University, up 3 percent to $42,860
∙Wesleyan University, up 5 percent to $41,814
∙Carnegie Mellon University, up 3 percent to $41,500
∙Johns Hopkins University, up 3.9 percent to $40,680
∙New York University, up 3.5 percent to $40,121
∙Dartmouth College, up 4 percent to $39,978
∙Brown University, up 4.9 percent to $39,928
∙Georgetown University, up 3 percent to $39,768
∙University of Notre Dame, up 3.8 percent to $39,412
∙Washington University in St. Louis, up 4.2 percent to $39,400
Nationally, the average tuition increase for private universities for the 2009-2010 year was 4.4 percent, according to the College Board.
Boston College received nearly 30,000 applicants for the 2,250 seats in its freshman class. It is the sixth most-applied-to private university in the United States.
Boston College was ranked 38th in the "Great Schools, Great Prices" category among national universities by US News & World Report. It also placed 23rd in Kiplinger's Personal Finance magazine's ranking of the top 50 "best values" among American private universities. Overall, the University is ranked 34th among national universities by US News & World Report, and 16th in Forbes magazine's "America's Best Colleges."