Holy Cross will cover tuition for families earning less than $100,000

Holy Cross College announced Wednesday that it will cover the full cost of tuition for students whose families earn $100,000 or less per year.

The change is a significant expansion of the school’s current financial aid program, which has covered tuition for families earning $75,000 or less annually since the start of the 2022-23 school year. The college said its latest decision reinforces the school’s commitment to providing opportunities to all “talented students, regardless of economic resources.”

“One of Holy Cross’ top priorities is ensuring that talented students from all backgrounds can access a Holy Cross education and be supported to thrive on our campus and beyond,” Holy Cross President said Wednesday Cross, Vincent D. Rougeau, in a press release. “We are proud to deepen our commitment to expanding educational opportunities for more young people. »

According to the college, it awarded $76.5 million in financial aid for the 2023-2024 school year, with 65% of its students receiving need-based grants.

“This expansion of financial aid will result in more need-based financial aid, particularly for students whose families are increasingly struggling to afford the rising costs of college,” the school said .

According to Holy Cross, tuition to attend the Worcester facility for the 2024-2025 school year is $63,350. The total cost is $83,320 with the inclusion of housing, other fees and a meal plan.

The cost of attending college has skyrocketed, with several New England schools announcing this year that tuition would rise to more than $90,000 a year for their institutions. According to U.S. News and World Report, the average cost of private college tuition for the 2024-2025 school year is $43,505, up 2.5% from the previous school year.