Undergraduate tuition to increase 3 percent, financial aid 7 percent for 2018-19 academic year
Nearly half of all incoming Homewood campus undergrads will receive some level of need-based aid from the university
Tuition for full-time liberal arts and engineering undergraduates at Johns Hopkins University will rise 3 percent this fall, while financial aid supporting those students increases a projected 7 percent to a record $106 million.
The increase will bring undergraduate tuition to $53,740 for the 2018-2019 academic year for students 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 JHU's Homewood campus in North Baltimore.
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.
Nearly half of all incoming Homewood undergrads will receive some level of need-based aid from the university, which takes families' financial circumstances into consideration. The average grant for 2018-19 will be $43,570—which covers nearly two-thirds of the cost of tuition, fees, room, and board—up 4 percent from the 2017-18 academic year.
Undergraduate aid for the Krieger and Whiting schools in the fall will total a projected $106 million, up $7 million, or 7 percent, from the current academic year and the largest ever combined aid total for the two schools.
Johns Hopkins University's grant aid budget has more than doubled since 2009, when Ronald J. Daniels became president and made undergraduate financial aid one of his top priorities. Johns Hopkins' $5 billion Rising to the Challenge fundraising campaign has commitments so far of $569 million for undergraduate scholarships and graduate fellowships.
Undergraduate tuition increases at JHU's Homewood schools have now been below 4 percent for 10 consecutive years; those 10 years represent the 10 smallest tuition increases by percentage since the 1974-1975 academic year.
Homewood room and board rates—for a typical double room and a meal plan that includes 19 meals per week—will increase 2.8 percent to $15,836. That will bring the total for tuition, room, and board to $69,756, up 3 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 2018-19 to $48,645—an increase of $2,317 from the 2017-18 academic year. More than 260 undergraduate musicians study at the conservatory, located in Baltimore's Mount Vernon neighborhood.
The average financial aid grant supporting those students will increase by 16 percent to more than $30,000. Nearly 80 percent of Peabody students will receive grant aid, up from 61 percent three years ago.
Room and board in the Peabody Residence Hall—for a typical double room and 19 meals per week—will increase 1.7 percent this fall to $15,838. Peabody tuition, room, and board will total $64,483, an increase of 4.2 percent over the current academic year.
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