The university will provide an unprecedented $221.4 million in institutional grant aid for the 2014–15 academic year.
In a presentation to the Faculty Senate on Wednesday, Northeastern CFO Thomas Nedell said the university is “operating from a position of strength” with next year’s budget.
The university will provide an unprecedented $204 million in institutional grant aid for 2013–2014, which represents a 9 percent increase from the previous academic year.
The university’s financial-aid investment next year is the largest in its history, while the tuition increase is the lowest in more than 30 years.
Members of Northeastern’s senior leadership team gave a series of presentations yesterday outlining the university’s fiscal year 2012 budget, which takes effect on July 1.