In other news: Annual report shows increase in scholarship aid
Undergraduate tuition for the 2001-02 academic year at the University of Notre Dame will rise 4.9 percent, the lowest percentage increase in more than 40 years. Tuition will be $24,320 and room and board $6,210.p. The new costs were announced in a letter to parents of freshmen, sophomores and juniors from Notre Dame’s president, Rev. Edward A. Malloy, C.S.C.p. The percentage increase this year is the lowest since 1959-60, when there was no increase from the previous year.p. While Father Malloy emphasized the dramatic increases in scholarship aid given directly by Notre Dame to its students (see related story), he also said the University would continue its fiscal prudence.p. “Quality higher education is expensive, and we are determined to maintain the level of excellence which has given a Notre Dame degree its special value,” he said. “At the same time, we benchmark with peer institutions to make sure we are in touch with best practices in cost control and efficiency. From this comparative process we have confirmed time and again that we are an administratively lean institution. We will continue to study all facets of our operations a to make sure we are not overlooking potential savings in budget.”p. When compared to universities of similarly high academic quality, Notre Dame is less expensive. The University’s total costs, for example, are lower than all but two of the 18 schools ranked ahead of it in the widely cited U.S. News&World Report survey. This year, Notre Dame is 77th in total costs among 125 private institutions of higher learning in the United States.p. Other tuition increases approved at a recent Board of Trustees meeting are Graduate School, up 4.9 percent to $24,220, and the Law School and Master’s of Business Administration program, up 4.8 percent to $24,920.