ATLANTA — As Americans across the country face increasing prices during a high period of inflation, a metro Atlanta private university is joining many universities across the nation in increasing its tuition costs.
Emory University announced on Thursday that it will increase undergraduate tuition by 5.8%, which is an almost $3,500 increase for the 2024 to 2025 academic year, according to a news release. Currently, the tuition is $59,920, but with the increase, it would cost $63,400.
In addition, the combined undergraduate tuition, fees, room, and board will increase by 5.9%, bringing the cost from $79,054 to $83,715 for the next academic school year.
In general, the decision was made by the university's board of trustees, who approved the rates based on recommendations from the university's president.
According to a news release, Emory uses tuition for "world-class educational experiences and opportunities that help students flourish academically, professionally and personally."
Despite the recent increase, officials stressed they will continue to make financial resources accessible to qualified individuals.
The university said in its release it awards $168 million in need-based grants and scholarships for undergrad students.
Officials also added in their release that they have a program called Emory Advantage, which helps enable students to graduate debt-free by replacing their financial aid packages with institutional grants.
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