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The George Washington University Board of Trustees Approves New Tuition Pricing Plan
Approval Marks 10 Years of Fixed Tuition for Returning Undergraduate Students
February 07, 2014
WASHINGTON - The George Washington University Board of Trustees today voted to continue to contain the cost of attendance, guaranteeing no tuition increase for returning undergraduate students and limiting the increase in the overall cost of attendance for incoming undergraduate students to no more than 3.4 percent. This is the seventh consecutive year that the university has held increases in the overall cost of attendance (tuition, fees, room and board) to around 3 percent, which places GW’s percentage increase below those of most major private universities.
“This year, we mark a decade of giving our students the assurance that their tuition costs will stay the same throughout their undergraduate years. At the same time, we are once again keeping our tuition increase for new students close to inflation," said George Washington President Steven Knapp. “In both these respects, we are maintaining our commitment to make GW accessible to students from all backgrounds.”
Dr. Knapp went on to say that a recent GW survey has shown that the university’s innovative policy of fixed tuition is a significant factor in students’ decision to enroll at George Washington, especially among first-generation college students.
“The fixed tuition policy at GW has been designed to allow students and their families to financially plan for the cost of a GW education for up to 10 semesters. Given the increasing cost of higher education, members of the GW community can be reassured that GW is committed to providing an excellent education without increasing the cost of your most valuable asset, a GW degree," said the Hon. Angela G. Iannacci, president of the GW Parents’ Association Advisory Council.
With fixed tuition, returning undergraduates (sophomores, juniors, seniors and fifth-year undergraduates) will have no increase in their tuition for the 2014-15 academic year. The annual tuition for incoming undergraduate students in fall 2014 will be locked in at $48,700 annually, a 3 percent increase, for up to five years, as long as they remain in good academic standing. Underscoring the university’s commitment to containing costs, the total cost of attendance will increase by no more than 3.4 percent, depending on a student’s housing selection.
In addition to fixed tuition, more than 60 percent of GW undergraduates receive financial aid and 14 percent of the student body received a Pell Grant in 2013.
In the heart of the nation's capital with additional programs in Virginia, the George Washington University was created by an Act of Congress in 1821. Today, GW is the largest institution of higher education in the District of Columbia. The university offers comprehensive programs of undergraduate and graduate liberal arts study, as well as degree programs in medicine, public health, law, engineering, education, business and international affairs. Each year, GW enrolls a diverse population of undergraduate, graduate and professional students from all 50 states, the District of Columbia, and more than 130 countries.