If you’re headed to the smallest of the Ivy Leagues, you’re right to be thinking about how to pay for your education at Dartmouth. Perhaps you’ll pursue an MBA at the world’s first graduate school of management, or maybe you’ll be taking advantage of Dartmouth’s D-plan for undergraduates, a year-round quarter system.
Regardless of your program of study, Dartmouth’s prestigious liberal arts education comes at a cost. Here we’ll outline what you can expect to pay, the scholarship and other aid programs available to Dartmouth students, and additional expenses to account for at Dartmouth.
How much does it cost to attend Dartmouth?
The 2015-2016 tuition for Dartmouth’s top-ranked undergraduate program was $48,120. With nearly $20,000 in estimated additional expenses, this brought the total cost of attendance for the year to $67,434.
For the same academic year, Dartmouth MBA students at Tuck School of Business paid $64,200 in tuition. The school estimates additional expenses to be closer to $30,000 for business students, bringing the yearly all-inclusive cost to $97,425.
MD students at Geisel School of Medicine at Dartmouth will pay $59,463 in tuition for the 2016-2017 academic year, regardless of their year in medical school. Additional costs, however, vary by year, partially due to the length of the program (years one and two are ten months; years three and four are twelve months), but also because of other fees such as the cost of taking the National Board Exam. Students in years one and two can expect to pay a total of close to $80,000; years three and four cost around $85,000.
Dartmouth does not have a law school, but other advanced degrees include PhD, MS, and MA programs, as well as a plethora of advanced degrees from the Thayer School of Engineering. Look up your specific program to see how much your studies will cost.
What kind of financial aid does Dartmouth offer?
Ranked a “Best Value School” by U.S. News & World Report and said to have one of the highest returns on investment amongst the Ivy Leagues, Dartmouth is committed to making sure students and their families can afford their degrees. One example of this commitment is free tuition for undergraduate students whose families earn less than $100,000 per year. These families can also take out private or federal student loans if in need of assistance paying for expenses beyond tuition. Even students with family earning above $100,000 will be considered for scholarships, and will also be offered loans.
Undergraduate scholarships are awarded in the form of need-based Dartmouth Scholarships or Endowed Scholarships. Dartmouth Scholarships range in amount from $1,000-$50,000, depending on need. There are more than 750 Endowed Scholarships, and recipients of these awards will be asked to write a thank-you note to their donor each year – some students even meet their donors.
Tuck students may also be offered scholarships ranging from $5,000 to full-tuition, which are renewed for the second year provided the student maintains satisfactory academic standing. These awards are based on a combination of merit and need, and all students will be automatically considered upon application to the program.
Students at the Geisel School of Medicine are expected to take out loans to finance their education. Financial aid packages at Geisel start with a base loan of up to $41,000, which is the minimum amount of loan required before other aid is awarded. Beyond that amount, students will be considered for scholarships to meet their full demonstrated need.
Scholarships for other graduate degrees are awarded by the department, so if you’re pursuing a Master’s, for example, contact your department to see which types of scholarships you might be eligible for.
What kinds of extras should I expect to pay for at Dartmouth?
Given Dartmouth is rather isolated compared to most schools, you might want to budget a bit more for getting off campus – whether that’s with a car you bring with you, or on the popular Dartmouth Outing Club (DOC) trips. Parking a car on campus is just $75 per term, which is unlikely to break the bank, but take into account other expenses such as gasoline, insurance, and maintenance. The cost of joining the DOC is relatively low, but some trips will cost a few hundred dollars.
In addition, Dartmouth has a strong Greek culture. If you plan to take part, be sure to account for not only membership dues, but also formal wear, letter gear, and even fees for unexcused absences or tardiness in some cases. The costs may very well be worth it for the personal and professional opportunities opened up through Greek life – but be sure you can pay for it before diving in.