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CV NEWS FEED // The College of the Holy Cross in Worcester has announced that it will now offer full-tuition grants to students from families earning $100,000 or less, a significant increase from their previous threshold of $75,000, according to a report from Worcester Business Journal (WBJ).
The College of the Holy Cross, a private Jesuit liberal arts college located in Worcester, Massachusetts, was established in 1843 by Bishop Benedict Joseph Fenwick. With a current enrollment of 3,197 full-time students, the college is the fifth-largest college or university in the region.
The recent aid increase, according to Holy Cross, exemplifies their “ongoing dedication to ensuring a Holy Cross education is accessible to more families.”
New England college tuition has “skyrocketed” in recent years, with several schools announcing attendance will cost students upwards of $90,000 per year, a Boston.com local news report shared.
“This financial aid expansion will result in more need-based financial aid, particularly for those students whose families are finding it increasingly difficult to pay the rising costs of a college education,” Holy Cross stated, according to Boston local news.
Holy Cross boasts the largest endowment in central Massachusetts, totaling $1.04 billion, according to the WBJ report. The college provided $76.5 million in financial aid last year, with 65% of students receiving need-based grants.
“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 D. Rougeau stated, according to Boston.com. “We are proud to deepen our commitment to expanding educational opportunities for more young people.”
