Tuition and fees to rise 3.8 percent next year
Dartmouth’s acceptance rate rose to 10 percent this year, up from 9.4 percent for the Class of 2016.
By The Dartmouth Staff
Published on Saturday, March 2, 2013
Web Update
Dartmouth’s tuition, room, board and other fees will rise by 3.8 percent to $60,201 in the 2013-14 school year, the Board of Trustees announced on Saturday. The rise in tuition marks the lowest percent increase in undergraduate costs at Dartmouth in over 10 years.
Dartmouth now holds the highest tuition in the Ivy League and will be the most expensive Ivy school overall in student costs, pending tuition change announcements from the University of Pennsylvania, Cornell University, Columbia University, Yale University and Harvard University. Dartmouth’s annual tuition will be $45,445, just higher than Columbia’s current $45,028.
Princeton recently announced a 3.8 percent increase in undergraduate costs to $54,165, while Brown faces a 4 percent rise in costs to $57,232 for the next academic year.
Although the College’s increase in costs exceeds The Wall Street Journal economic forecasting survey’s inflation rate predictions of roughly 2 percent for 2013, it is lower than the tuition hikes at the College in the last five years, which ranged from 4.8 to 5.9 percent, according to the Dartmouth Fact Book. In the 2012-13 school year, the College’s cost of attendance was $57,996, roughly 4.8 percent higher than that of the previous year.
“The tuition rate for the coming year will enable Dartmouth to maintain the highest quality liberal arts education for our students,” Interim President Carol Folt said a statement. “Our goal remains to ensure that a Dartmouth education stays within reach for prospective and current students, regardless of their family’s income.”
The College will budget $82 million for financial aid, marking a 6.5 percent increase from last year’s $77 million. On average, financial aid recipients receive awards that cover roughly 66 percent of the cost of attendance, Maria Laskaris, dean of admissions and financial aid, said in a statement.
The Board also announced cost increases in Dartmouth’s graduate programs. Tuition at the Geisel School of Medicine will rise 5.5 percent to $53,432, and tuition at the Tuck School of Business will rise 4.9 percent to $58,935.
During Saturday’s meeting, the Board approved an operating budget of $981 million for the 2014 fiscal year and approved plans for the Williamson Translational Research Building. The new facility will house academic and research programs at Geisel’s Lebanon campus.
This article has been revised to reflect the following correction:
Correction: March 4, 2013
The original version of this article misstated the total student costs at Princeton. It is $54,165, not $56,750. This places Dartmouth as the most expensive Ivy League school overall, awaiting further announcements from peer institutions.
What a shame.
By Anonymous on Mar 2 | 7:51 pm
Decisions like these make it hard to wonder why our acceptance yield is declining
It all comes down to the math, folks. Do a cost-benefit analysis and see if Dartmouth, while undoubtedly an excellent institution, is still worth going to compared to our peer schools
By ‘12 on Mar 2 | 9:59 pm
It’s always been a myth: how does the overall cost of a Dartmouth education rests at the same level as Columbia … I mean. Hanover and Manhattan? It’s time to realize all that Hanover and Dartmouth is just a big bubble that would burst sooner or later when the age of personalized online education comes. Liberal arts has its merits, but not at such a price.
By Anonymous on Mar 3 | 2:42 am
The administration is getting bigger and fatter at the expense of everyone else. $981 million operating budget for the lovely, rural non-profit. It is a losing proposition for the students, parents and alums, that’s for sure. It is decades past time for Dartmouth to gut the non teaching staff. What a catastrophic waste.
By anon on Mar 3 | 4:00 am
Good, detailed reporting. Thanks.
By Joseph Asch ‘79 on Mar 3 | 5:32 am
The administration just keeps giving prospective students more reasons not to attend Dartmouth. My sources tell me there is a campaign in the works by several concerned students to get the truth out about Dartmouth and discourage prospective students from choosing the college after the Dimensions disaster.
By Alum ‘10 on Mar 3 | 9:30 am
With so many supportive and successful alums, why aren’t they giving more to Dartmouth or are the donations already very high ?
Ron Perelman keeps on giving to UPenn He just gave ANOTHER $25 million dollars to UPenn. UPenn’s tuition is much lower than Dartmouth’s.
Does Dartmouth need Ron Perelman to make a donation in order to keep tuition from rising sky high? Where are the successful Dartmouth alums hiding? Why is Dartmouth’s tuition so much higher than the other Ivies?
By Dartmouth 14 parent on Mar 3 | 10:27 am
The answer to your question is obvious to the thousands of alumni who would happily donate significant portions of their money if it wasn’t for the corrupt administration.
Dartmouth Alumni will continue to refuse to give to the college until this corruption ends.
By @Dartmouth 14 Parent on Mar 3 | 12:34 pm
“Of course the education is worth it, and the 18 year old students will just take out loans that they don’t realize will saddle them with debt and induce them to seek high paying jobs in finance upon graduation as opposed to the aid work they wrote about on their admissions essay but who cares because it’s free money for us! But also we are a serious academic institution that should cancel dimensions and fun – that’ll get the most serious academics who will obviously ignore the crushing costs of our institution and go on to that lucrative field of academic research instead of banking. But more offices for us!”
By ‘09 poodle on Mar 3 | 1:36 pm
I think I now know why Dartmouth keeps taking international students instead of americans. They need the full tuition payments from the rich kids from Korea, China, ect. Think about it, they may deny an alum’s kid admission, despite great grades ect to admit an international kid that pays full tuition.
Of course Dartmouth administration says this is to increase the “diversity of the class”. Sure it is!
By Anonymous on Mar 3 | 6:37 pm
@anonymous6:37 – I think they want to offer more financial aid to international students now. Go figure. But even though we are “need blind”, even a blind person knows about zip codes. Diversity is all about giving the kids from Greenwich a richer experience.
By Steve on Mar 3 | 7:36 pm
They take a lot more alumns' kids now, too. They often pay full freight like the int'l kids. Admissions is very political. Look at the rise in ED admits over the past five years.
By On and on and on Mar 3 | 11:47 pm
LOL scrubs I have always been run at a deficit but the administration paid 41 million dollars to renovate me while you guys get increased tuition and fewer food choices!
By HANOVER INN on Mar 4 | 1:27 am
Plus, students can’t get credit for qualifying AP scores anymore. That saved me and my family thousands of dollars and enabled me to work full-time for an extra term. It’s not like those credits harmed me academically…I graduated summa & PBK. It’s just another way to squeeze more $$$ out of students and their families.
By Anonymous alum on Mar 4 | 8:07 am
I’m a ‘71 grad and I recall paying $2400 in 1967 for tuition. In today’s dollars that’s a little over $16,000. So you all will be paying almost 3 times what we paid and nothing I’ve read tells me the education is better. Plus my AP tests in Latin and chemistry allowed me to skip the language requirement and reduce my distributive workload. Oh, and we only had one Dean of the college and one Assistant Dean.
You’re all royally screwed.
By Dennis DiMuzio on Mar 11 | 11:26 am
I’m a 76 and I thought there were only about ten administrators. We never saw them and never needed them. Today’s students have more needs, because of their parents, but enough is enough.
By DartBored on Mar 14 | 4:36 pm