Cost of Attendance and Financial Aid
Amherst's comprehensive tuition, room, and board fee for the 2012-13 academic year is $55,510. Once miscellaneous expenses are factored in the total cost to attend for the 2012-13 academic year amounts to $60,809 - $63,259.
Despite its high cost of attendance, Amherst College meets the full demonstrated need of every admitted student. 60% of current students receive scholarship aid, and the average financial aid package award amounts to $41,150; the average net price of attendance is $13,809 per year. College expenditures exceed $85,000 per student each year.
In July 2007, Amherst announced that grants would replace loans in all financial aid packages beginning in the 2008-09 academic year. Amherst had already been the first school to eliminate loans for low-income students, and with this announcement it joined Princeton University, Cornell University and Davidson College, then the only colleges to completely eliminate loans from need-based financial aid packages. Increased rates of admission of highly qualified lower income students has resulted in greater equality of opportunity at Amherst than is usual at elite American colleges.
In the 2008-2009 academic year, Amherst College also extended its need-blind admission policy to international applicants. As of the 2010-2011 academic year, Amherst remains the only liberal arts college and one of the six higher education institutions, which include Harvard, Yale, Princeton, MIT and Dartmouth College, in the United States with need-blind admission for both domestic and international applicants.
Read more about this topic: Amherst College
Famous quotes containing the words cost of, cost, attendance, financial and/or aid:
“Mining today is an affair of mathematics, of finance, of the latest in engineering skill. Cautious men behind polished desks in San Francisco figure out in advance the amount of metal to a cubic yard, the number of yards washed a day, the cost of each operation. They have no need of grubstakes.”
—Merle Colby, U.S. public relief program (1935-1943)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“We, too, had good attendance once,
Hearers and hearteners of the work;
Aye, horsemen for companions,
Before the merchant and the clerk
Breathed on the world with timid breath.”
—William Butler Yeats (1865–1939)
“... aside from the financial aspect, [there] is more: the life of my work. I feel that is all I came into the world for, and have failed dismally if it is not a success.”
—Mary E. Wilkins Freeman (1852–1930)
“The reason why any one refuses his assent to your opinion, or his aid to your benevolent design, is in you: he refuses to accept you as a bringer of truth, because, though you think you have it, he feels that you have it not. You have not given him the authentic sign.”
—Ralph Waldo Emerson (1803–1882)