Board of Trustees Sets 2016-17 Student Charges
At its meeting Feb. 27, the Board of Trustees voted to increase tuition and residential comprehensive fees by 3.3 percent for the 2016-17 year. Tuition will be $50,312 for all undergraduate students. The residential comprehensive fee will be $13,950 for first-year and sophomore students, and $15,858 for juniors and seniors.
For the past three years, Wesleyan has linked tuition increases to the national CPI average as part of an initiative to address affordability. That effort has been successful, resulting in very low tuition increases compared to most peer institutions. In recent years, we have seen increased pressure on our financial aid program, and this year, we have awarded a record amount of financial aid. In order to continue supporting financial aid, as well to invest in high-quality faculty and innovative pedagogy and programs, the board has adopted an increase modestly above the current inflation rate, and in line with our peers. As always, Wesleyan will meet the full demonstrated financial need of all admitted students. Recent initiatives have eliminated loans for our neediest students and lowered overall student debt to levels far below the national average.
Wesleyan’s major fundraising campaign, wrapping up successfully this year, has seen the creation of 120 new endowed scholarships, and over $227 million in new endowment and annual funding to support financial aid.
As part of its affordability program, Wesleyan continues to offer the three-year BA option, announced in 2012 with the potential to save students about 20 percent on tuition. Since then, Wesleyan has seen a significant increase in the number of students taking advantage of this program.