Uncategorized | 3:46 am | March 20, 2010 | By Vivian Yee

Harvard hikes sticker price to $50K+

Another reason why Yale was the right choice: A year at Harvard College will cost over $50,000 next year.

Harvard administrators will raise tuition, room and board by 3.8 percent next year, the university announced Thursday. The new $50,724 sticker price tops the cost of a year at Yale, which will be $49,800 in the 2010-’11 academic year.

Yale and Princeton are now the only Ivy League universities that will charge less than $50,000 for tuition, room and board next school year — but Harvard’s 3.8 percent hike is lower than Yale’s 4.8 percent increase.

Like Yale and other Ivy League schools, Harvard will increase tuition but also bolster its financial aid budget, raising total aid by 9 percent or $13 million. The average cost for families receiving financial aid from Harvard will be kept constant at $11,500.

Columbia is the only Ivy League school that has yet to report its tuition and fees for next year.

Correction: Saturday, March 20, 2010

An earlier version of this article misreported that Yale and Princeton are the only universities that will charge less than $50,000 for tuition, room and board next school year; in fact, the two schools are the only universities in the Ivy League that will charge less than $50,000.

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