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 Board of Trustees approved a 3.5 percent tuition increase for the 2013-14 academic year on Monday. The increase will affect all Stanford students equally, with the exception of those at the Graduate School of Business, whose tuition will rise by 3.9 percent.
Provost John Etchemendy Ph.D. ’82 will likely to set a new minimum salary for the 2013-14 academic year in late February.
Two years at Stanford’s Graduate School of Business (GSB) is estimated to cost at more than $185,000, an 11 percent jump from only two years ago.
Financial aid packages are expected to rise in response to the Board of Trustee’s decision earlier this month to approve a 3-percent tuition increase for the 2012-13 academic year, according to Director of Financial Aid Karen Cooper.
The Board of Trustees approved a 3 percent tuition increase for the 2012-13 academic year, the University announced Monday. This bump will affect students at all schools in the University — with the exception of those at the Stanford School of Medicine, who will experience a 3.5 percent uptick in tuition.
The rising cost of higher education is one of the few features of American economic life to remain constant over the last few decades. Since 1978, the inflation-adjusted cost of college tuition has increased 650 percent; here at Stanford, the cost of tuition and room and board now stands at $52,341 per year. Despite many universities’ (including Stanford’s) efforts to increase need-based financial aid, the dramatic rise in the cost of education has left the average college senior with nearly $25,000 in debt
The increase in tuition, room and board costs for the 2011-12 academic year, approved by the Board of Trustees at a meeting early this month, may not have significant ramifications for financial aid.