Thursday, February 16, 2012
Press Release: Carnegie Mellon Sets Tiered Tuition For Incoming and Current Students in 2012-2013
One of University's Lowest Increases in 37 Years; School Gives More Financial AidContact: Ken Walters / 412-268-1151 / email@example.com
PITTSBURGH—Carnegie Mellon University will increase tuition by 4 percent for its incoming 2012-2013 class. This year's increase, and those of the previous three years, is among the university's smallest since 1975.
CMU also announced tuition increases for continuing students, who will see their tuition rise by 3 percent for the 2012-2013 academic year. CMU uses this tiered pricing model to help protect current students from larger increases. The university's board of trustees approved the new tuition rates on Feb. 15.
"These increases reflect both the economic reality facing our students and their families and the university's need to continue to provide a world-class education," said Vice President for Campus Affairs Michael Murphy. "We speak with parents and students each year about the balance of controlling tuition costs while maintaining the CMU experience our students have come to expect. We are also providing more financial aid to assist students and their families."
For 2012, tuition for entering undergraduate students will be $44,880. Housing costs were set at $6,810 and board costs at $4,740, representing increases of $260 and $180, respectively. In sum, the cost of attendance will increase 3.19 percent for continuing students and 3.97 percent for incoming students in Pittsburgh.
Nearly half all undergraduate students receive financial aid at CMU, and the university works diligently to raise money for scholarships and other programs that provide financial assistance. While the university announced it has reached the $1 billion goal for its Inspire Innovation fundraising campaign, CMU's fundraising efforts are ongoing to help meet the financial needs of its students and to continue to maintain and improve the educational experience.
Recognized as one of the world's leading universities by the Times Higher Education World University Rankings (21), CMU also has been featured in U.S. News and World Report's "Great Schools, Great Prices" section (36). Carnegie Mellon finished 10th in the nation in The Wall Street Journal's Job Recruiter Rankings, where it was the only private university listed in the top 10.