CTAS cost forecasts for Boston College’s 22/23 academic year and full 4-year program
CTAS recently rolled it out its new projections for 2022/23 academic year costs and will be sharing information on individual colleges here as a recurring feature. Similar information for over 3,000 2- and 4-year schools is available at the corporate CTAS site.
This post projects average net costs for Boston College in Chestnut Hill, Massachusetts.
Boston College looks to be a better financial option for middle-class families with incomes in the $100-200k range than Vanderbilt, which we covered recently. BC offers institutional aid to families in this range while making the school very affordable to families with incomes below $60k. This generosity is enabled by the college’s nice size endowment, which stood at $2.4 billion in 2019 and is likely over $3 billion currently. 56% of entering first years receive no institutional merit or need-based aid, which likely indicates over half of students come from families with incomes over $250k.
In a prior post, we’d listed BC among the “bellwether” schools which would show whether sagging pre-COVID enrollment and pricing pressures are seeping up the selectivity rankings. Recent news items report excellent enrollment for high selectivity Ivy+ schools and powerhouses like NYU and bad results for community colleges and less selective public and private 4-years. BC has an admission rate of 27% (pre-COVID 2019 results). Moderately selective, BC sits towards the middle of the range, hence it is a “bellwether.“
These projections represent informational projections that will change over time and are not a commitment either by CTAS or the applicable colleges. Figures are rounded to the $500 avoid false specificity. Final net cost numbers will differ from these estimates for many reasons: changes to economic trends, decisions by the colleges both about their own policy and enrollment, as well as decisions about individual students. We take pride in our numbers so, if you believe any of the figures need to be corrected, please reach out to us at email@example.com and we will work with you to resolve the issue.
Please find more information at the this page. Reports for residents of a given state and by individual college are available for different membership tiers.
Average Net Cost is a consumer-centric metric which shows costs as they are presented in commercial transactions outside of higher education. It represents a full-time student’s cost of attending college including: tuition, room & board, fees and estimates of supplies less institutional aid of all kinds (including need-based and merit), and less federal and state/local aid. Loans and other repayable amounts. along with work study earnings, are excluded and do not reduce the cost. Room and board charges are on-campus costs for residential colleges; for students attending non-residential institutions, the college’s own estimate of such off-campus costs is mostly used. CTAS’ Net Cost differs from the Net Price figure self-reported by colleges because it is comprehensive and covers all entering students, including the approximately 40% not covered by Net Price calculations.
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