Cost of 4 years at Yale to pass $100,000

March 03, 1993|By Boston Globe

Yale University announced yesterday that tuition, fees, and room and board will cost $25,110 in the 1993-1994 academic year, making the Ivy League institution the first major college or university to charge more than $25,000.

Other private institutions are struggling to keep annual costs below $25,000, according to campus administrators and higher education analysts, because that figure is seen as daunting to parents.

Part of the unease about crossing the $25,000 barrier is that it means the cost of getting a four-year college education will reach $100,000 for the first time.

In announcing the charges, Yale officials stressed that the university had increased the annual cost by 5.9 percent over last year -- the smallest annual percentage increase in 20 years, the university said.

Tuition, fees, room and board at Yale are now $23,700 a year.

Acting President Howard R. Lamar said that he expects to dole out $25.6 million in financial aid to Yale students next year and that the university would continue to admit undergraduates without considering their ability to pay.

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