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During its winter meeting Feb. 27-March 1 in Hanover, the Dartmouth Board of Trustees set tuition for academic year 2003-2004 at $28,965, an increase of 4.9 percent (or $1,365) over the current year's tuition rate. With room, board and mandatory fees, next year's overall charges will be $37,770.
Those rates apply to students in the Arts and Sciences at Dartmouth, which includes all undergraduates as well as graduate students in Arts and Sciences and all students in Dartmouth's Thayer School of Engineering, which offers both undergraduate and graduate programs.
Tuition charges for Dartmouth Medical School will be $31,600 per year, a 5 percent increase, and for Dartmouth's Tuck School of Business Administration $34,500, a 6.2 percent increase.
"While we are experiencing challenges in planning our budgets in these uncertain economic times, it is important that we continue to offer an education among the very best available, and that we strive to keep it accessible," said President James Wright. "We are proud of the talented and diverse student body we have."
Dartmouth continues its commitment to need-blind admissions for undergraduates, which means that in making its admissions decisions the college does not take into account an applicant's ability to pay. For those who enter the institution with demonstrated financial need, the college commits to create financial aid packages that meet the full extent of demonstrated need for a full four years. Three years ago Dartmouth also launched a plan to expand scholarship aid and reduce students' reliance on loans, and the college routinely works with students whose financial circumstances change.
Together with changing demographics among the student body, Dartmouth's commitment to a need-blind admissions policy drives an ever-increasing demand for student financial aid, which the college meets largely from its own resources.
The changing demographics are reflected in the pool of 11,850 applicants for the undergraduate Class of 2007, which will enter Dartmouth next fall. The pool represents a 16 percent increase over last year's total number of applicants — by far the highest percentage increase among Ivy League institutions and the highest number of undergraduate applicants in Dartmouth's history. Nearly two-thirds of the pool is made up of applicants from public schools, up from approximately 60 percent in that category the last two years. The pool also includes 11 percent more applications from minority students.
The result of the demographics and Dartmouth financial aid policies is that the college expects to award nearly $37 million in financial aid to its approximately 4,200 undergraduates next year, an increase of $3 million over last year. The college has exempted financial aid from budget reductions.
In other business the board approved the college's affirmative action plan for 2003, met with students in a committee meeting and at an informal session, and met with the Faculty of Arts and Sciences Committee on Organization and Policy. The trustees also received briefings on facilities plans and on the status of the college's budget.
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