Georgetown University’s Board of Directors has approved a 3 percent increase in undergraduate tuition rates for the 2010-2011 academic year.

Undergraduate tuition will increase next year to $39,768, compared to $38,616 this year. Room and board charges will go up 2 percent. The total cost of undergraduate tuition, fees and average room and board for 2010-11 will be $52,443—less than 3 percent over the 2009-2010 cost.

“We understand that the lagging economy is having a real impact on our students and their families,” said James J. O’Donnell, University Provost. “These uncertain times require that we balance the need to limit tuition growth with the university’s commitment to supporting our top notch faculty and providing exceptional academic programs and services.”

The board also approved an 8 percent increase to the university’s undergraduate financial aid budget. Each year more than 55 percent of Georgetown undergraduates receive some form of financial assistance.

“We expect the need for financial aid will continue to grow, and we are prepared to help,” said O’Donnell. “We are already working with current students and families who are experiencing changing economic circumstances, and we will continue that effort with our incoming class to make sure we provide our undergraduates with financial support that meets their needs.”

The Board of Directors also approved 2010-2011 tuition increases for graduate programs, including those in the Graduate School of Arts and Sciences as well as the schools of business, law and medicine.

(March 1, 2010)