Hey, U, pay up!

$90K /yr. at top NE colleges

It’s higher-priced education.

Several elite New England universities will cost students a jaw-dropping $90,000 a year beginning this fall — with more schools expected to follow suit, according to a report.

Boston University, Tufts, Wellesley and Yale — among the top private colleges in the country — will begin charging the nearly six-figure sum a year for tuition, housing and other expenses, according to the schools’ admissions websites, The Boston Globe reported.

Just six years ago, families were in an uproar when the annual price at schools like BU, Tufts, Harvard and Amherst college all topped $70,000 — and costs have continued to skyrocket.

“There’s always a huge psychological impact to these thresholds,” Sandy Baum, senior fellow in the Center on Education Data and Policy at the Urban Institute, told The Globe. “I remember when it went above $50,000, and people were just in shock.”

More to come

A number of other Boston-area colleges have yet to update their already steep tuition and fees for the 2024-25 academic year but are also expected to raise their prices this fall, the paper reported.

At Boston University, the price tag will come to a whopping $90,207. That represents a 42% jump from 10 years ago when the total cost was $63,644, The Globe reported.

Cost of attendance at Tufts in Medford, Mass., will be $91,888, according to estimates on the school’s website. Yale University in New Haven, Conn., will cost $90,975.

Other schools nearing the eye-popping $90,000 threshold include Brandeis University in Waltham, Mass., at $89,824; Amherst College in Amherst, Mass., $88,210; and Massachusetts Institute of Technology in Cambridge, $85,960.

Fortunately, most students won’t be paying the full price thanks to financial aid and scholarships.

BU, for instance, will dish out $425 million in financial aid for the next academic year, school spokesperson Colin Riley told The Globe.

About 56% of BU’s students receive some form of financial aid, he said.