The total cost of attending Northwestern as an undergraduate student will be nearly $60,000 next academic year, the University announced Wednesday night.
The new price tag represents a 4 percent increase in tuition — which will now top $45,000 — as well as room and board rates.
In an email to the NU community, the University attributed the tuition hike to growing demand for financial aid, which is expected to total more than $143 million for the 2013-14 academic year. That number has nearly doubled since the 2005-06 academic year, as about half of students now receive some financial assistance.
For the current academic year, NU raised tuition by 4.3 percent and planned for more than $118 million in scholarships and grants.
— Patrick Svitek
