March 30th 2024.
As the cost of higher education continues to rise, many universities and colleges on the Northeast Coast are following suit. Schools like Tufts University and Yale University are now surpassing previous years' costs, further illustrating the growing financial burden of obtaining a degree.
According to a report by CNN, several New England universities have seen a significant increase in their cost of attendance, with some reaching a staggering $90,000 for a single school year. Tufts University, for example, now has an estimated cost of attendance of nearly $96,000 for the 2024-25 academic year. This includes a tuition fee of $68,946, which is $2,588 more than the previous year.
Similarly, Yale University's estimated cost of attendance has also risen from $83,880 to $87,150, with a tuition increase of $2,550, marking an overall 3.9% hike. However, these universities have assured that they will continue to distribute need-based financial aid to undergraduate students to accommodate budget constraints. In a statement, Jeremiah Quinlan, the Dean of Undergraduate Admissions and Financial Aid at Yale, emphasized the university's commitment to meeting 100% of all families' demonstrated financial needs, without requiring them to take out loans, regardless of citizenship or immigration status.
Similarly, Patrick Collins, the Executive Director of Media Relations at Tufts University, echoed this sentiment, stating that they are proud to be one of the few institutions that meet the full demonstrated financial need of all admitted undergraduate students. He also added that this commitment allows many students to pay significantly less in tuition than the published price.
However, this trend is not limited to the Northeast. On March 28, University of Wisconsin-Madison President Jay Rothman proposed a 3.75% tuition increase, citing the growing rate of inflation, according to WISN 12 News. "Our universities are facing challenging economic realities, and students and parents should know that we plan to be good financial stewards," said Rothman, who has been the president of the university and its 13 campuses since June 2022. The proposal will be subject to a vote by the UW Board of Regents on April 4. If approved, this would be the second consecutive year of tuition increase under Rothman's leadership.
In a related news, the first known Black man to attend Yale University, James Hunt, was recently honored with a posthumous degree, 200 years after he was originally admitted to the university in 1823. This recognition serves as a reminder of the long-standing history and struggles of Black students in higher education and the importance of continued efforts towards inclusivity and accessibility in these institutions.
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