Tuition is facing a 4.34 percent increase in the 2014-2015 academic year according to the University’s financial plan for fiscal years 2015 to 2018 released on March 19.
Once this change takes effect, tuition will increase from $44,280 to $46,200 per student, bringing in $28 million in additional revenue to the University.
According to the financial plan, Georgetown “lag[s] behind] competitors in the attractiveness of [its] financial aid packages in a rapidly evolving environment.” In response, the amount allocated to need-based financial aid will be increasing by $4.4 million in fiscal year 2015.
The financial plan outlines that despite the Main Campus’s operating surpluses for the past twenty years, the campus still faces financial challenges inhibiting growth.
To continue to address University costs, the financial plan calls for a tuition increase of 4 percent for each year thereafter until the plan expires.
