Unlike my last post which was critical of University policy, I am going to give credit where credit is due. The Hatchet reported that the Board of Trustees voted to increase tuition by 3% on Friday. While just about everyone complains about the enormous price tag to attend this University, it's important to know that University officials are taking steps to address these concerns. According to the Hatchet article, the increase was significantly below the national average (4.3%) for private institutions for the second year in a row. Kudos to President Knapp for delivering on what he promised to make one of his top issues.
We are however continuously branded wit the title of "one of the most expensive schools in the country." We did drop to third most expensive last year, but what most people don't know it that there are nearly 60 schools that also have a price tag of $50,000 or more. In other words, as we continue to raise tuition at a rate much lower than the national average, we could plummet down that dreaded list. On the flip side, and often an ignored point in the price tag argument, is that the University continues to be at the top of list in regards to financial aid. Nearly two is three students at GW receive some form of financial aid.
The thing that most people here don't know is what drives the price of the University up. If you ask anyone why they chose GW, one of the top answers will probably be the location. Well, that location comes with a price. Real estate in Foggy Bottom is some of the most expensive in the country. GW's price tag would be considerably lower if we were in the middle of say...Idaho. But then again, I suspect enrollment numbers might be a lot lower... With all that though, I think it's great that GW is taking progressive measures to address the affordability issue.