Boston University Announces Tuition For 1999-2000
Contact: Kevin Carleton, 617/353-2240 | email@example.com
(Boston, Mass.) – Boston University has announced that for the second year in a row the cost of attending the University will rise by just 3.9 percent. For academic year 1999-2000 tuition will increase by $940 to $23,770 and the basic room and board rate will rise by $260 to $8,130.The percentage increases for the past two years are among the lowest increases in more than a quarter-century.
Chairman of the Board of Trustees Earle C. Cooley made the announcement in a letter sent to students and parents late last week. Cooley wrote that the change represents “the University’s continuing effort to moderate price increases while strengthening our academic programs.”
Cooley cited the competitive market for outstanding faculty members at top colleges and universities and the particularly high labor and housing costs in the Boston area as factors contributing to the increase. “But the rate of increase has been slowed,” he said, by cost-containment efforts, a 15.3 percent increase in research grant and contract income last year, and a record 22 percent increase in gifts to the University last year.
Research funding, Cooley wrote, “not only enhances the quality of our educational programs, but also helps offset their costs,” while increased giving is “strong evidence that our graduates and other friends of the University recognize the worth of the teaching and research that takes place here.”
Boston University is the third-largest independent university in the nation with an enrollment of nearly 30,000 students and a faculty of more than 3,000 teachers, scholars and researchers in its 15 schools and colleges.