Northwestern University on Tuesday announced a 3.5% increase in undergraduate tuition for the 2024-2025 school year.
The school also said it’s increasing undergraduate financial aid by 6.2% to nearly $307 million.
The total “sticker price” before financial aid for undergraduates living on campus will be $89,448.
Undergraduate tuition $67,158 Standard room and board $21,126 Health and wellness, activity and athletics fees $1,164 Total $89,448
Northwestern says it has increased undergraduate financial aid by 57% since 2018.
It says more than 60% of undergraduates receive financial aid, with the vast majority of aid going to students with demonstrated need and those from middle-income families.
A Brookings Institution study published Friday indicates that for private schools as a group the typical cost of attendance for students with incomes under $50,000 is around $25,000.
But it says that for “a small set” of private, highly endowed schools, net prices for lower-income students are lower than that.
Evanston Now has asked NU for information on how its charges compare with the Brookings study’s data, and we’ll update this story if we receive it.
But in its news release Tuesday, the school says it is continuing a policy adopted in 2016 to meet cost-of-attendance needs without loans for all undergraduates who are eligible to receive financial aid.
The school says those needs will be met with a combination of grants, scholarships, summer earnings expectations and work-study opportunities.