Undergraduate tuition will increase to $42,690 next year, compared to $41,250 this year, and room-and-board charges will increase from $12,721 to $13,166, according to a University press release.
The market value of Stanford’s endowment grew from $16.5 billion to $17.03 billion during the 2011-2012 fiscal year, an increase of 3.2 percent.
The Stanford University Merged Pool achieved a 1.0 percent return on investments over 12 months, ending June 30, 2012. The University endowment grew by 3.2 percent during Stanford’s fiscal year, ending August 31, 2012.
President John Hennessy delivered his annual address to the Academic Council on Thursday afternoon at the Jen-Hsun Huang Engineering Center. At the meeting, the president touched upon the state of finances and development on the Farm before launching an hour-long discussion on Stanford’s proposed New York City Applied Sciences Research and Educational Campus.
Following a rebounding endowment reported in October, the University’s report of its FY2010 financial results also shows signs of improvement, with a consolidated net assets increase of $1.5 billion, or 7.5 percent, over the last fiscal year to end at $21.4 billion.