Johns Hopkins University Faculty Budget Advisory Committee

Faculty Budget Advisory Committee
- Meeting Minutes Attachment -

COFHE Price, Cost, and Aid Trends
from 1976 through 1998
Highlights

Tuition increases track inflation much more closely than they did a decade ago. Between 1990 and 1998, the annualized change in COFHE tuition and fees was 5.8 percent.

The past year shows the lowest average tuition and fee increase in 22 years -- 4.7 percent.

Since 1991, the annual change in tuition and fees in CPI-adjusted dollars has been at or below 3.2 percent.

Average COFHE tuition is increasing more slowly than tuition in the private sector in general or in the public sector.

For the past two years, the annual percentage increases in COFHE student budgets and in national median family income have been comparable.

For the first time, in 1997 a majority of the entering freshman class received financial aid. The percentage of admission applicants who apply for financial aid has risen steadily from 51 to 65 percent over the past decade.

The average grant and average award for financial aid students have been increasing at a faster rate than average parental contribution.

The percentage of the student budget met by financial aid has increased slightly over the past decade, while the percentage met by parental contributions has remained fairly constant.

Parental contributions as a percentage of the median family income among financial aid students have risen three points over the past decade -- from 13 to 16 percent.

The average cost for aided students is a slightly lower percentage of the published student budgeted than it was a decade ago (49 versus 54 percent).

In CPI-adjusted dollars, the aid-adjusted student budget increased by only $1,100 over the past decade.

The cost of a COFHE education to financial aid students is holding well in relation to national figures for median family income, while the cost to unaided students continues to climb.

As other sources of grant aid dry up, institutional funding of grant aid has increased.

The 1990s have seen a higher proportion of freshmen with grants than was typical in the 1980s.

Total Undergraduate Grant Aid from Institutional Sources as a Percentage of Undergraduate Tuition and Fee Income (Discount)

Institution FY 1995 FY 1996 FY 1997 FY 1998 FY 1999

University of Rochester 41.3% 43.0% 42.8% 42.5% 39.1%

Washington University 23.1% 22.8% 25.2% 27.1% 33.6%

MIT 31.8% 29.2% 28.5% 28.2% 30.1%

University of Chicago 30.9% 31.9% 30.3% 30.8% 29.6%

Dartmouth 26.7% 26.5% 26.1% 26.3% 27.2%

Harvard 26.4% 25.9% 26.4% 26.9% 26.6%

Princeton 22.5% 24.2% 24.0% 23.3% 24.8%

Northwestern 24.0% 24.2% 24.2% 24.4% 24.8%

Stanford 24.5% 24.6% 26.0% 25.3% 24.8%

Yale 26.9% 26.1% 24.5% 22.9% 24.7%

University of Pennsylvania 24.7% 24.8% 24.5% 24.1% 23.8%

Johns Hopkins 19.3% 20.7% 20.7% 22.3% 23.3%

Columbia 27.8% 25.3% 24.2% 23.3% 22.1%

Cornell, Endowed 19.8% 20.6% 21.8% 19.4% 20.7%

Brown 17.9% 17.9% 18.7% 19.1% 20.0%

Duke 18.6% 19.7% 20.5% 19.2% 19.8%

Rice 23.6% 22.1% 20.5% 19.0% 19.7%

Georgetown 20.1% 21.6% 20.8% 20.2% 18.8%

COFHE Average 25.0% 25.1% 25.0% 24.7% 25.2%

Maximum 41.3% 43.0% 42.8% 42.5% 39.1%

Minimum 17.9% 17.9% 18.7% 19.0% 18.8%

Source: Sources of Undergraduate Grant Aid at the COFHE Institutions, January 1997 & January 1999 issues

RETURN TO MARCH 2000 MEETING MINUTES

GO TO FACULTY BUDGET ADVISORY COMMITTEE HOMEPAGE

GO TO JHUNIVERSE