Johns Hopkins is consistently ranked one of the best institutes of undergraduate education in the country. Not surprisingly, it’s also one of the most expensive. Next year will be no exception: Students (or parents) paying for the 2014-2015 school year can expect to pony up $47,060 for a year of undergraduate tuition, plus $14,246 in room and board. That comes to $61,306, a 3.5 percent increase from last year.
While a 3.5 percent annual increase may seem steep, especially considering that inflation rose only about 1.5 percent this year, it’s actually not that bad, considering. According to the College Board, the average tuition increase for private colleges last year was 3.8 percent, making Hopkins a relative bargain. Okay, maybe that second part isn’t true–but at least the university is making some clear steps toward cutting back on costs, and toward offering more aid.
According to Hopkins, tuition increases can be partially attributed to “enhancements in the student experience” that include hiring more faculty, upgrading buildings, and “investments in student health and wellness, security, and other student services.”
And while college is still stupidly expensive, there are some signs that the rapid rise in costs is beginning to slow down. Over the past 10 years, the average annual tuition increase was a staggering 5 percent, which makes a 3.5 percent hike seem relatively sane by comparison. But let’s just be clear: The answer to this question posed by the Washington Post last year is still a resounding YES.
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