Today
Frequently Asked Questions
Homewood Undergraduate Tuition for the
2006-2007 Academic Year
Why is it necessary to raise
Homewood undergraduate tuition 7.2 percent for next
year?
To put it as simply as possible: To meet unavoidable
increases in university expenses without having to cut
academic programs, student services, or student aid.
Relatively small tuition rate increases in recent years
have enabled the schools to cover only the cost of
inflation and needed financial aid.
It has been only through diligent budgeting, and with the
assistance of philanthropic gifts, that the deans have been
able to undertake important new projects, such as the early
rounds of implementation of
Commission on Undergraduate Education recommendations,
extensive capital improvements
designed to enhance Homewood campus security, and
academic initiatives.
This year, however, we face extraordinary budgetary
challenges, including the added ongoing operating costs for
the security improvements we've made. Without a tuition
increase somewhat larger than that of recent years, the
only way to meet these budgetary challenges would be to
retreat from the progress we are making in enhancing the
undergraduate experience. That we will not do.
What do you mean by the
"relatively small" tuition increases of recent
years?
The Krieger School of Arts and Sciences and the Whiting
School of Engineering have kept recent tuition increases
low, relative both to our peer institutions and to our own
history. Our tuition increases have exceeded 5 percent only
twice in the past nine years. The Higher Education Price
Index has averaged 3.7 percent over that same span, leaving
only limited new dollars from increases in the tuition rate
to allocate to financial aid and virtually none for other
student-focused priorities.
Before the fall of 1997, however, Homewood undergraduate
tuition had increased 5 percent or more for 22 straight
years. The increase was 10 percent or more seven times
during those years.
Johns Hopkins now ranks 12th in "sticker price" tuition
among the group of 18 peer universities with which we
compare ourselves, including all the Ivy League schools,
MIT, Stanford and Chicago.
Is this a one-time
extraordinary increase or will tuition continue to increase
at higher rates in future years?
This increase is a response to special circumstances. The
trustees very much hope that such circumstances will not
recur. Their intention is that future tuition increases
will be smaller. That said, it is impossible to predict
— or to fully control — the magnitude of
future changes in all the various drivers of tuition,
including such costs as security, health care benefits and
energy.
Will my financial aid package
be adjusted to reflect this increase?
Johns Hopkins remains firmly committed to making it
possible for qualified students to attend the university
even if their family finances do not make it possible for
them to pay full tuition. Each year, a significant portion
of the revenue from any tuition increase is returned to
students in the form of financial aid. That will be true
this year as well. One of the goals of the university's
Knowledge for the World campaign is to raise additional
endowed funds for student aid, to reduce the need to use
tuition revenue in financial aid packages.
How does this compare to
tuition increases at other universities?
We do not yet know. Universities do not share information
about their future charges until they are publicly
announced which, at most institutions, occurs in the late
winter or early spring. We do know, however, that our peer
institutions are subject to many of the same costs
pressures as we are, including rapid escalation in the cost
of health benefits and energy.
Is this the largest Johns
Hopkins tuition increase ever?
Far from it. The largest percentage increase in recent
decades was 16.7 percent for the 1989-1990 academic
year.
How much will room and board
increase next year?
Room and board charges have not yet been determined, but
the increases are likely to be larger than those of recent
years. Operating costs due to security do affect the costs
of running our housing and dining programs. Moreover, we
plan to make significant enhancements to our dining
program.
Is Johns Hopkins really
trying to keep costs down?
Yes. A few examples: The university has for several years
held increases in its budget for employee raises below the
rate of inflation, and continues to do so. Like other
employers, the university is also shifting a greater share
of health insurance costs to employees. The Facilities
Management Office is saving millions of dollars with new
conservation measures and long-term energy contracts. Given
the overall environment in the energy market, however,
those savings don't result in smaller energy bills, but
rather bills that aren't rising quite as sharply as they
would have otherwise.
|