Struggling Father of Holy Cross Student Forced to Sell Fifth Property to Cover Tuition Hike; Rising Lobby Shop Costs Only makes Matter Worse
In a recent announcement, President Rogeau revealed a 5.6% increase in tuition for the upcoming academic year at Holy Cross. This news has been met with a mix of reactions, particularly among students and families.
The tuition hike has raised concerns for many, including Tevin Kaylor, a student at Holy Cross. Kaylor expressed his apprehension about his future job prospects and ability to pay off the increased tuition. His family, like many others, has voiced their dissatisfaction with the decision.
However, the Administration has assured students who receive financial aid that the tuition increase is unlikely to affect them in the immediate future. This is because the school has set aside $76.5 million to support these students, benefiting 65% of the student body in the past academic year.
While the tuition increase may pose fewer financial challenges for wealthier families, it doesn't mean they are unaffected. Wealthier families might face increased scrutiny over whether the tuition hikes correspond to enhanced educational benefits or services, as tuition often does not fully cover education costs. There could be heightened expectations for a return on investment, selective decisions regarding college choice, and ongoing conversations about financial planning, even when affordability is less of a concern.
It's worth noting that the College of the Holy Cross has been covering tuition for students coming from families with annual incomes of less than $100,000 since the 2022-2023 academic year. This initiative aims to make education more accessible for a broader range of students.
In the broader context, Holy Cross and other private institutions are experiencing tuition increases consistent with national trends in rising college costs. For instance, some Connecticut private university tuitions exceed $90,000. Although exact Holy Cross tuition and reactions from wealthy families were not directly detailed in the search results, wealthy families typically face fewer financial constraints in adjusting to such increases.
The article was copy-edited by Lily Wasmund '28.
[1] Source for national trends in rising college costs. [3] Source for the notion that tuition often does not fully cover education costs.
- The student, Tevin Kaylor, worries about his future job prospects and the ability to pay off the increased tuition due to the 5.6% hike announced by President Rogeau for the upcoming academic year at Holy Cross.
- Despite the tuition increase serving less financial challenges for wealthier families, they may still face increased scrutiny over the return on investment, selective decisions regarding college choice, and ongoing conversations about financial planning.
- In an attempt to make education more accessible, the College of the Holy Cross has been covering tuition for students from families with annual incomes of less than $100,000 since the 2022-2023 academic year.
- Consistent with national trends, private institutions like Holy Cross are experiencing tuition increases, with some Connecticut private universities having tuitions that exceed $90,000.
