Attending college has become more accessible for students of the College of the Holy Cross as the Worcester institution has announced those whose families earn $100,000 a year or fewer with reasonable assets will receive full-tuition grants.
This expansion of the college’s financial aid program reflects a $25,000 increase from the 2022-2023 academic year’s full-tuition grant threshold of $75,000 with reasonable assets, according to a Wednesday press release from Holy Cross.
Holy Cross tuition was $60,050 in academic year 2023-2024 and is $63,650 for the 2024-2025 academic year, according to the college’s website.
“One of Holy Cross’s top priorities is to ensure that talented students from all backgrounds can access a Holy Cross education and be supported to flourish on our campus and beyond,” Holy Cross President Vincent Rougeau said in the release.
In the academic year 2023-2024, Holy Cross provided $76.5 million in financial aid with 65% of students receiving need-based grants, as the college meets 100% of the demonstrated financial needs of admitted students.
With 3,197 full time students, Holy Cross is the fifth largest college or university in Central Massachusetts when ranked by full-time enrollment in fall 2023, according to data provided to the WBJ Research Department.
Founded in 1843, the college has 315 full-time and 33 part-time faculty members with a $1.04-billion endowment, which is the largest endowment among Central Massachusetts colleges and universities.
Mica Kanner-Mascolo is a staff writer at Worcester Business Journal, who primarily covers the healthcare and diversity, equity, and inclusion industries.
