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Academic services revenue increased 26% or $68.1 million to $326.8 million, due to increase in revenue from tuition and fees, net, grants and contracts, and a rebound of 415% in auxiliary services to $40.9 million, following prior years decline with fewer students on campus during COVID-19.
As of June 30, 2022 and 2021, workers’ compensation liabilities are being satisfied as claims arise. For fiscal years ended June 30, 2022 and 2021, Howard maintained $5,146 and $5,125 in letters of credit, respectively, which serve as collateral for specific insurance carriers.
The Howard University Annual Report provides an overview of the academic and fiscal year, including information on the University's accomplishments, enrollment, and operating performance. Keywords: Annual Report, 2021, Development
- Howard University. Howard University has the largest endowment of all the HBCUs with $692.8 million as of June 30, according to HBCU Money. By comparison, Harvard University’s endowment is worth more than $40 billion.
- Spelman College. Atlanta-based private liberal arts women’s college Spelman comes in the No. 2 slot with an endowment of $390.4 million. Cambridge Associates acts as the endowment’s investment consultant, but the college also has an in-house endowment team.
- Hampton University. Hampton is ranked No. 3 in HBCU endowments with an endowment of $282.5 million. The private institution landed in the No. 218 spot on the US News & World Report 2020 annual list of best colleges.
- Meharry Medical College. Meharry Medical College has an endowment trove of $159.1 million. Opened 11 years after the end of the Civil War, Meharry’s founding mission was to educate African Americans “to serve the underserved.”
Apr 25, 2023 · For fiscal year 2022, the University recognized a net tuition and fee revenue of $193 million; gross tuition and fee revenue was $357 million and institutional aid was $164 million. That means on average, for every dollar of tuition and fee revenue charged, 46 percent is given back to students.
Howard has raised tuition and mandatory fees 7.5 percent for the 2022-2023 academic year compared to the previous year, which will increase tuition to $30,584. How Does Howard’s Tuition Compare To Other Universities?
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May 31, 2022 · Howard’s undergraduate tuition and mandatory fees remains significantly lower than comparable institutions despite a 7.5 percent increase for the 2022-2023 academic year compared to the previous year, which will raise tuition to $30,584.
