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March/April 2008 GW Named Among Top 50 ‘Best Values in Private Colleges’ By Kiplinger
GW is ranked No. 47 on Kiplinger Personal Finance’s 2008 best values in private colleges list. This marks the first time the University has made the list. Selected from a pool of more than 1,000 private institutions, schools in the Kiplinger 100 were ranked according to academic quality and affordability—with quality accounting for two-thirds of the total. Regarding GW’s cost, the editors write, “Financial aid for students who qualify either for need-based or merit assistance brings the cost to a much more doable $32,000.” GW will provide $118 million in institutional financial assistance for undergraduates in 2008-2009. “We are pleased that this listing highlights GW’s academic excellence, as well as our efforts to ensure the affordability of a GW education, particularly through our fixed-tuition program and our guaranteed financial aid packages,” says GW President Steven Knapp. GW’s unique fixed-tuition/guaranteed financial aid program, in place since 2004, locks in the undergraduate tuition rate for up to five years. As a result, returning sophomores, juniors, seniors, and fifth-year undergraduates will experience no tuition increase in the 2008-2009 academic year. Tuition for freshmen entering in fall 2008 will increase 3 percent, reflecting the current rate of inflation. In conjunction with fixed tuition, the university will continue its guarantee that need- and merit-based institutional financial assistance will remain at the level awarded when a student enrolls. If a student demonstrates further need, the amount of aid could go up, but it will not go down. Under a five year plan to moderate overall costs, announced by President Knapp and approved by the Board of Trustees in February, GW plans to quadruple fund raising for student aid from $10 million to $40 million annually within five years. (See related story.)
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