CTAS cost forecasts for Fairfield’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 Fairfield University in Fairfield, Connecticut.
In recent years, Fairfield University has succeeded in nicely increasing its entering class size while simultaneously slightly strengthening its admissions standards (to a record 1,250 first years and 57% respectively in 2021). While many schools struggled to hit their enrollment target in the 2021 cycle, Fairfield’s administration was actually surprised by how many students decided to attend (check out the tidbit at the end of this informative local news article). To achieve this, Fairfield discounts according to market demand with almost all first years receiving aid (94% received merit and/or need-based aid in 2019). The university has outsize variability in Average Net Cost annually, so their watchword is: Flexibility. Who are its students? The school has a reputation as a place for “rich kids”, and the data bears this out, with Fairfield enrolling a low number of students with family incomes <$75k. It largely recruits from Connecticut and nearby states, such as New York, Massachusetts and New Jersey, with those locations providing ~85% of first years (2018 figures).
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 email@example.com 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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