Northwestern cost tops $60K for first time

Ciara McCarthy, Managing Editor

Starting next year, the cost of the undergraduate experience at Northwestern will be more than $60,000 for the first time.

Northwestern will charge a total of $61,640 for the 2014-15 academic year, the University announced Friday.

Next year’s price tag is a 3.8 percent increase from last year’s total of $59,389. The cost includes tuition, room and board rates and various student fees. Tuition will increase by the same percentage, to $46,836.

NU said the increase will allow the University to better address students’ financial aid needs, which are increasing at a faster rate than tuition. More than $151 million in scholarships and grants will be distributed to undergraduates next academic year, an increase of 5.8 percent from this year. Overall, NU’s undergraduate financial aid has increased by 91 percent since the 2005-06 school year.

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