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Northwestern Sets 2008-09 Costs, Increases Financial Aid

February 26, 2008 | by Alan K. Cubbage
EVANSTON, Ill. --- Undergraduate tuition, room, and board at Northwestern University will increase by 4.8 percent and the University will boost funds for financial aid by 11 percent next year.

Total costs for next year will increase to $48,050 from the current year's $45,840. Undergraduate tuition will increase 4.8 percent to $36,756 for the 2008-2009 academic year from the current year's $35,064.

Room and board rates will increase 4.8 percent to $11,294 from $10,777 for an undergraduate student living in a double room and on a 19-meal-per-week board plan. Approximately 4,000 of Northwestern's 8,100 undergraduate students live in University residence halls.

Northwestern also will increase the total amount of scholarship funds for undergraduates by 11 percent, from $70 million to $78 million -- more than double the 4.8 percent increase in tuition. The hike in grant funds reflects Northwestern's previously announced plan to provide financial aid that does not include any student loans to undergraduate students who demonstrate the greatest financial need. The change means that new students who qualify will be able to attend Northwestern without taking out any student loans, while qualifying returning students will receive aid packages without loans until they graduate.

In addition, the University will cap federal need-based loans at $20,000 for students receiving Northwestern subsidized Stafford or Perkins loans. These two initiatives will provide benefits to approximately 1,200 students who will attend Northwestern next academic year. Almost 50 percent of Northwestern's undergraduates receive grants and scholarships from the University, and approximately 60 percent receive some form of assistance, including grants, external scholarships, loans or work-study funds.

Northwestern also will continue its policy of "need-blind" admission for U.S. citizens and permanent residents, in which a student's ability to pay is not considered during the admission process.

As requested by the Associated Student Government two years ago, the undergraduate student activity fee will increase as part of a three-year plan to raise the activity fee. The fee will increase to $136 next year from $132 this year.
Topics: University News