CTAS cost forecasts for Case Western’s 22/23 academic year and full 4-year program
CTAS is sharing its projections for 2022/23 academic year costs with information on individual colleges as a recurring feature. Similar information for over 3,000 2- and 4-year schools is available at the CTAS site.
This post projects average net costs for Case Western Reserve University in Cleveland, Ohio.
The surge in applications to selective colleges in recent admissions cycles has driven admissions %’s across US programs to historically low levels. Cleveland’s Case Western has also experienced this surge, with application numbers grown by roughly half since 2015. But instead of tightening admissions, it has decided to accept more students and this fall welcomed its largest entering class ever (1,600 full-time first years), while actually slightly loosening its admissions rates to 30% (source is an unconfirmed 3rd-party report) from 27% (official data for 2019). The 2021 entering class contrasts with the stable but stagnating enrollments Case Western reported in the pre-COVID years. This is an interesting change to their institutional strategy and a wise one – we believe that students all else equal generally prefer larger schools. Case Western should work to get total enrollment from the 6,000-7,000 range to over 10,000, simultaneously working on its graduate programs and improving its campus safety, which lies far below US averages.
Cleveland’s version of the University of Chicago, Case Western presents an interesting business study: a school with a sharp academic focus (STEM), and with a substantial but not gigantic endowment ($1.9 billion in 2019) using the steep, progressive pricing characteristic of schools with large financial reserves. But it is also a school that exhibits a new ambition to grow, out-of-step with its category. We’ve seen growing public pressure on the Ivy League schools to expand their undergrad programs. Case Western is a selective sub-Ivy program actually doing it. Worth watching.
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. Estimates of full program costs assume graduation in 4-years (for Bachelor’s) or 2-years (Associate) without any gaps, delays or added semesters/quarters. We take pride in our numbers so, if you believe any should be corrected, please reach out to us at firstname.lastname@example.org and we will work with you to resolve the issue.
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 included in Net Price calculations.
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