|Annual Tuition and Fees (2020-21)|
|Room and meals (undergrad)||$15,984|
Notre Dame undergraduates in the 2019-20 academic year received from the University more than $150 million of financial aid in the form of endowment-generated, need-based scholarships that do not require repayment. Nearly 50 percent of students received such assistance, with a median amount per student of approximately $38,000, which is about three-quarters the cost of tuition at Notre Dame.
Approximately 97 percent of students in the Graduate School—both doctoral and non-professional master’s— receive full-tuition scholarships?that include all fees except for a small student activity fee.
Budget, Endowment, and Income
Notre Dame’s operating budget for the fiscal year 2020–21?is $1.7?billion, and the market value of its endowment is approximately?$12?billion. Two major sources of revenue accounting for just about 60 percent of the total are student tuition and fees, and auxiliary enterprises (including residence halls, dining facilities, athletics and the bookstore).