Johns Hopkins University has increased undergraduate tuition by 3.5 percent for the coming fall semester, but there will also be more financial aid money available for those students, university officials said Friday.
Tuition will increase by $1,590 — bringing the bill to $47,060 — for the nearly 5,200 undergraduates who study either in the Whiting School of Engineering or the Krieger School of Arts and Sciences, both on the Homewood campus in Baltimore.
Rates for typical room-and-board and meal plans will jump by 3 percent, to $14,246. So, the total cost of attendance will climb to $61,306 (plus a $500 matriculation fee for freshmen).
More than 40 percent of these students receive financial assistance, university officials said. The average aid package for the 2013-2014 academic year was $36,924.
The financial aid budget for undergrads will increase by 8 percent, reaching $80 million.
The 3.5 percent tuition hike also applies to the about 300 Hopkins undergrads studying music at the university’s Peabody Conservatory in Mount Vernon. They will pay $41,189 for the 2014-2015 year.
Hopkins’s School of Nursing has about 400 undergraduates, who will see an increase of 2.5 percent: $69,024 for the entire 13-month accelerated program, and $69,456 for the 17-month program.
For comparison, tuition for the University System of Maryland will increase by 3 percent, except Salisbury University, which will enact a 6 percent hike to better align its tuition with other state schools.
Other private institutions planned smaller increases, such as Loyola University Maryland, which will increase tuition by 2 percent, the same hike as this past year, bringing the total to about $44,000 (and about $12,800 for room and board).