A four-year degree at Brown is going to cost over a quarter million dollars? It’s astounding that people are willing to pay this much.

The Providence Journal reports:

Yearly cost of attending Brown University will top $70,000 in fall 2018

Tuition, room and board and fees at Brown University will rise to $70,266 starting in fall 2018, an increase of 4 percent.

But 45 percent of undergraduates receive financial aid, and Brown meets 100 percent of every undergraduate’s demonstrated financial need through a combination of grants, scholarships and work-study programs, according to Brown spokesman Brian Clark.

The university’s budget, approved over the weekend by the Corporation of Brown University, also expands undergraduate financial aid by nearly 11 percent, to $135.4 million, according to the university.

“We remain steadfast in our commitment to ensuring that a Brown education is accessible for every one of the exceptionally talented students admitted,” said Provost Richard M. Locke.

The growth in undergraduate financial aid reflects the new Brown Promise initiative, which will replace loans with scholarships beginning with the 2018-2019 academic year.

Tuition remains Brown’s primary source of revenue, accounting for 65 percent of the university’s education and general budget for fiscal 2019.

While tuition for most doctoral and master’s degree programs are the same as undergraduate tuition, master’s programs in computer science, data science, engineering, physics and innovation management will increase. Research showed that Brown’s tuition for those programs were well below market rates, the university wrote.