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JHU raises undergrad tuition 3.5 percent

Students walking on the Johns Hopkins Homewood campus in 2002. (File)

Students walking on the Johns Hopkins Homewood campus in 2002. (File)

Tuition for undergraduate students at Johns Hopkins University’s Homewood campus will increase by 3.5 percent next year, but those students will have the benefit of an increase in financial aid.

The more than 5,300 full-time undergrads studying engineering and the liberal arts on campus will see tuition increase $1,650 to $48,710 for the 2015-2016 academic year, the university announced last week.

Nearly half of those students receive need-based financial aid, and the undergrad aid budget for the Kreiger School of Arts & Sciences and the Whiting School of Engineering will increase 7 percent to $83 million for the year, according to the university.

Undergraduate aid at the two schools has grown by 64 percent since 2009, according to the university.

Those schools have kept tuition increases below 4 percent for the past seven years, university spokesman Dennis O’Shea said in a statement.

Increases will support the recruitment of new faculty, research opportunities, enhancements to libraries and classrooms and other services for students, O’Shea said.

The cost of room and board at the Homewood campus will increase by 2.1 percent to $14,540 for the coming year.

Undergraduate students in programs based elsewhere in the city will also see a tuition hike. The nearly 300 musician studying at the university’s Peabody Conservatory will also see a 3.5 percent increase, bringing tuition to $42,631 percent, while undergraduate nursing students will see a 4 percent increase, bringing tuition for that accelerated program to $71,784.

The university’s Carey School of Business will increase tuition for full-time undergraduates by 3.0 percent to $44,750.

Tuition increases for Johns Hopkins graduate programs ranged from no increase at the School of Education to 10 percent for the School of Nursing’s doctoral program.

Tuition rates are set by the university’s board of trustees.

Earlier this month, the University System of Maryland Board of Regents approved a systemwide increase of up to 5 percent for undergraduate students.

The USM regents also approved a new, differential pricing system for juniors and seniors studying business, engineering and computer science at the University of Maryland, College Park. In order to offset the higher cost of education in these fields, students will pay the regular tuition and fees plus a premium.

That premium will begin at $700 per year for fiscal 2016 and increase to $2,800 per year in fiscal 2018.