Washington University announces tuition spike

Washington University is making news for both new students and those about to graduate.
Washington University
Photo credit Washington University

Washington University is announcing big tuition hikes. The school says there are two reasons -- one is because of less federal funding and the other is because the school is worried about new taxes on endowment funds. The annual increase is $3,700 to $68,000 for yearly tuition. Wash U notes Missouri and Illinois students whose families make less than $75,000 don't pay anything.

Meantime, the commencement address will be given on May 12th by Olympic gold medalist Simone Biles. She'll also get a honorary degree, along with Jenifer Lewis, Roger and Paula Riney of Scottrade, and alumna Dr. Rochelle Walensky, former CDC director.

Featured Image Photo Credit: Washington University