GIVING

TUITION VS. FINANCIAL AID
Financial Overview
We are again pleased to provide you with important financial information regarding the
College for the fiscal year end of June 30, 2012. Included are a Condensed Statement of
Activities and a Condensed Statement of Financial Position, which reflect the College’s
very strong financial position. The data, which appears on the following pages, reflects
documents taken from the College’s audited financial statements.
Additionally we have included a graph on the facing page. This view compares the College’s tuition and
required fees to the national average tuition and required fees for private baccalaureate institutions for
the past four years, which reflects an ongoing increase in the difference in the cost to our students.
National Average Tuition
Grove City College Tuition
Tuition Increase
Financial Aid Increase
Financial Aid Awarded
$5,392,942
$5,176,851
$4,836,564
$4,645,491
The graph also shows the increase in financial aid provided by the College to its students over this same period
as well as data reflecting the percentage difference between the increase in College-provided financial aid and
tuition for each of the past four years.
Overall, this graphical view demonstrates the College’s intent to significantly increase awarded financial aid
in excess of the increase in tuition costs and our ability to substantially achieve that objective since 2008–09,
despite poor financial markets in recent years.
$28,500
$13,598
INCREASED
3.90%
INCREASED
4.17%
$27,293
$13,088
INCREASED
3.96%
INCREASED
7.04%
$26,273
$12,590
INCREASED
4.27%
INCREASED
4.11%
$25,140
$12,074
INCREASED
4.99%
INCREASED
12.46%
2011–2012
2010–2011
2009–2010
2008–2009
68 2012 annual report & 2011–2012 honor roll of giving 2012 annual report & 2011–2012 honor roll of giving 69