Has Vassar’s financial aid budget grown in recent years?
As part of its commitment to fostering a diverse community of learners and teachers, Vassar has steadily increased its financial aid spending over the past 10 years, from a budget of $17.4 million in 1999/2000 to $36.6 million in 2008/09. During this time, the average financial aid package for freshmen has grown steadily as well, with the average Vassar grant rising from $14,825 (48% of the 1999/2000 comprehensive fee of $30,800) for the entering class of 2003 to $30,209 (61% of the 2008/09 comprehensive fee of $49,250) for the class of 2012. The percentage of entering freshmen on financial aid has increased significantly beginning with the class of 2010, rising from 45.8 % to 52.6% (class of 2011) to 55.9% (class of 2012) to a projected 60.0% (class of 2013). In the college’s 2009/10 budget, $44.48 million was approved for financial aid. Due to a somewhat higher-than-anticipated need among the class of 2013 as well as increased need among continuing students whose family incomes have
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