Johns Hopkins undergraduate tuition to increase 3.5%, financial aid 9% for 2017-18 academic year
Tuition for full-time liberal arts and engineering undergraduates at Johns Hopkins University will rise 3.5 percent this fall, while financial aid supporting those students increases a projected 9 percent to a record $99 million.
The $1,760 increase will bring full tuition to $52,170 for 2017-2018 undergraduates in the university's Krieger School of Arts and Sciences and Whiting School of Engineering. The more than 5,400 undergraduates in those two schools take classes at the university's Homewood campus in North Baltimore. Updated tuition figured for all Johns Hopkins divisions are available at JHU.edu.
In the academic year now ending, 45 percent of Homewood undergraduate students received need-based aid from the university, paying significantly less than full tuition. An even larger percentage of the first-year class that will start at Johns Hopkins this fall—50 percent—will receive need-based aid reflecting their families' financial circumstances. The average grant will be $42,500, a 7 percent increase over the current academic year.
Undergraduate aid for the Krieger and Whiting schools in 2017-2018 will total a projected $99 million, up $8 million, or 9 percent, from the current academic year and the two schools' largest aid budget ever.
That aid budget has increased 95 percent since 2009. The university's president since then, Ronald J. Daniels, has made undergraduate financial aid a priority. Johns Hopkins' $5 billion Rising to the Challenge fundraising campaign, scheduled for completion in June 2018, has commitments so far of $508 million for undergraduate scholarships and graduate fellowships.
The Krieger and Whiting schools have now limited undergraduate tuition hikes to 3.5 percent for five years in a row and kept them below 4 percent for nine consecutive years; those nine years represent the nine smallest tuition increases in percentage terms since the 1974-1975 academic year.
Tuition supports both ongoing costs and enhancements in the student experience, including faculty recruitment; undergraduate research opportunities; library and classroom improvements; and investments in student health and wellness, information technology, security, and other important student services.
Homewood room and board rates—for a typical double room and 19 meals per week—will increase 2.9 percent this fall to $15,410. That will bring the total of tuition, room, and board to $67,580, up 3.4 percent from the current academic year.
Tuition for Peabody Conservatory undergraduates
Tuition for full-time undergraduate musicians at the university's Peabody Conservatory will rise 5 percent in 2017-18, while the financial aid supporting those students increases 12 percent. More than 260 undergraduate musicians study at the conservatory, located in Baltimore's Mount Vernon neighborhood. Their 2017-18 tuition will be $46,328, up $2,206 from 2016-17.
From 2014 to 2017, the percentage of Peabody students receiving institutional financial aid has grown from 61 percent to more than 72 percent.
Room and board in the Peabody Residence Hall—for a typical double room and 19 meals per week—will increase 3 percent this fall to $15,576. Peabody tuition, room, and board will total $61,904, an increase of 4.5 percent over the current academic year.
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