College Bound is hosting a panel on applying to and paying for college on March 11. Click here to attend.Tuition and living expenses are on the rise at local colleges and universities, with reported hikes of 2 to 4 percent for the 2014-15 academic year.
Here are the cost details reported by Boston.com:
- The annual cost to study and live at Suffolk University will rise by about 2 percent next fall. Students will pay a total of between $46,742 and $49,392 to cover tuition, fees and room and board next year, depending on which meal plan and dorm room type they have.
- Berklee College of Music's annual price (including tuition and living expenses) will increase by about 3.5 percent to $56,370 next fall.
- The annual cost to study and live at Babson College will jump by about 3.4 percent to $59,614 next fall, by about 3.4 percent to $59,614.
- Tufts University could see the largest hike of 4 percent as academic and living expenses would total $61,100 next fall if a proposed tuition increase is approved by the school's board of trustees.
Other area schools will announce their 2014-15 rates over the next few months.
The most expensive school in Massachusetts is Amherst College, where academic, living, and travel costs can total above $65,000. On-campus students at other local private schools--including Brandeis and Harvard universities, MIT, and Babson, Wellesley and Williams colleges--pay in the mid- to high-$50,000s.
Nationwide, college costs have steadily risen, reported the Associated Press. Tuition and fees at four-year public colleges increased 27 percent in the past five years; private colleges saw a 14 percent hike, found the AP.
School officials cite financial aid as a solution for families struggling with college tuition sticker shock.
“All our undergraduate aid is based on financial need, which assures that our aid goes to needy students who would otherwise not have access to a Tufts education. Last year the average grant for first-year students was almost $36,000," Tufts spokeswoman Kimberly Thurler told Boston.com.
Experts say, however, steep tuition and living prices often deter students, particularly those from low-income backgrounds, from applying to colleges.
Reporting by Matt Rocheleau of Boston.com staff was used in this post. For more higher education coverage, follow Boston.com's Your Campus blog.