Princeton University's board of trustees agreed Sunday not to increase tuition for the 2007-2008 academic year. According to Princeton's announcement, this is the first time since 1967-1968 that there will not be an increase. Though tuition will remain steady at $33,000, room and board will be raised to $10,980 - a 4.2 percent increase in the total cost per student. The school increased tuition by 4.9 percent last year and 5 percent in 2005.
Princeton officials said "strong performance by the university's investments and generous giving by alumni" enabled the decision, and a committee composed of students, faculty and staff said the tuition freeze represents the university's commitment to making the Princeton experience accessible "to all qualified students."
According to the College Board, tuition and fees increased an average of 5.9 percent nationally for the 2006-2007 academic year at private four-year colleges and universities. Colleges typically raise tuition annually to cover salary increases and other expenses.
Brown's tuition for the next academic year will be set by the Corporation - the University's governing body - at its February meeting. Tuition for the current academic year is $33,888, and the total cost of $43,754 represents an increase of 4.7 percent from the previous year at the February 2006 meeting.
