October 14, 1999 Geneva, NY— Hobart and William Smith Colleges were among only 34 national liberal arts colleges cited as “best values” in the September 6, 1999, issue of U.S. News & World Report. In the magazine's special “Paying for College” section, under the headline “Great Schools at Great Prices,” the editors singled out those institutions whose high quality and competitive net cost make them best values.
“It's gratifying to us that a national publication would recognize our efforts to make a high-quality undergraduate education affordable to the broadest number of students,” said Mark D. Gearan, president of Hobart and William Smith. “Obviously, a great liberal arts education comes at a cost, but the question that parents and college-bound students need to ask themselves is, ‘What opportunities are there for students of all economic strata to take advantage of the best in education today?'”
Colleges such as Hobart and William Smith, he further explained, invest great effort in providing an array of financial-assistance options in keeping price increases as low as possible. As is noted in the U.S. News study, Hobart and William Smith Colleges offer financial assistance to nearly two-thirds of its students, and the mean financial award reduces the price-to-attend to $13,606 — less than half of the full tuition price.
Meanwhile, Hobart and William Smith also faired well in an annual survey by the College Board, the results of which were announced on October 5. The College Board has found that, at four-year private colleges, the average tuition rose by 4.6 percent this fall, while Hobart and William Smith's rate of increase was 3.8. In fact, the overall cost-to-attend — including room, board, and fees — rose only 3.2 percent.
“Both of these findings — the comparatively low increase in our tuition combined with our high quality-to-cost value rating — are a testament to our commitment to making the Hobart and William Smith experience available to all academically qualified students. As at all colleges, we owe a particular debt of gratitude to those alumni, foundations, and other friends whose gifts help make financial aid possible,” Gearan concluded. “It's only right that, as much as possible, a traditional liberal-arts education is available regardless of cost.”
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