Next year, the school’s full-time tuition will creep higher by 3.5 percent, bringing the total for full, undergraduate tuition to $50,410; add in room and board, and the sticker price for a year at Johns Hopkins will amount to $65,386, 3.4 percent higher than the previous year.
At the same time, however, the university is increasing its financial aid spending by 5 percent, which should help close the gap for students who demonstrate some form of financial need. And while shelling out $65k for a year of education may make your head spin, it’s also important to remember that few people are actually paying the full price; according to an NPR number crunching study, families earning between $30-48,000 pay about $9,000 for a year of tuition at Hopkins, while those with incomes in the $75-110,000 range pay about $25,000. That’s still a significant amount–but less than half of the sticker price, at least– which is one reason why the school, despite its intimidating price tag, ranked pretty high on NPR’s list of schools that make financial sense.
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