GW’s tuition ranked sixth-highest in the nation

Updated: July 1, 2014 at 6:01 p.m.

GW’s tuition is the sixth-highest nationwide, according to data updated Monday by the Department of Education.

The University was not included on a list of schools with the highest net costs, which takes into account financial aid to calculate the out-of-pocket expenses of a college degree.

Last year, GW’s tuition ranked fourth-highest in the country.

Landmark College, Sarah Lawrence University and Columbia University all posted higher tuition than GW, but Landmark was the only school to also have one of the highest net prices in the nation, coming in fifth place.

Tuition at GW for the 2013-2014 school year increased 3.4 percent from the previous year, and total expenses for the average student living on campus increased by 4.2 percent.

While the University’s fixed tuition policy locks in a price for every student’s undergraduate career, GW has kept tuition increases for incoming students steady at about 3 percent over the past six years.

The Class of 2018 can expect to pay $48,790 in tuition for the upcoming academic year as well as about $15,860 in other fees. Total costs for the year will be finalized in February.

GW offered financial aid to about 60 percent of undergraduates during the 2013-14 academic year and met 86 percent of students’ demonstrated financial need.

The University is heavily reliant on tuition for financial aid and other expenses because of a relatively small endowment. GW launched a $1 billion fundraising campaign last month, with plans to set aside $400 million for financial aid and other student services.

University President Steven Knapp has also attended several White House forums on college affordability, which has given him the opportunity to tout GW’s fixed tuition policy and efforts to attract lower-income students.

The Education Department data is updated each year under a Higher Education Act requirement.

This post was updated to reflect the following corrections:
The Hatchet incorrectly reported that the University offered financial aid to 47 percent of undergraduates during the 2013-14 academic year. About 60 percent of undergraduates received aid. The Hatchet also incorrectly reported that $400,000 from GW’s comprehensive campaign would go toward financial aid and other student services. The correct figure is $400 million. We regret these errors.

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