of the college's founding in the 1940s. In recent years, the older, more pedestrian and utilitarian buildings have begun to be replaced by new, more ostentatious constructions, namely the Kravis Center at the western edge of campus and the $70million Roberts Pavilion athletics center. Organization and administration CMC is chartered as a private, non-profit organization and is a member of the seven-institution Claremont Colleges consortium. Students can take classes at any of the member colleges, and the colleges share libraries, student health, a bookstore, athletic facilities, and various student services. The privately appointed, 40-voting-member board of trustees elects a president to serve as chief executive officer of the college. Hiram Chodosh is CMC's fifth president. The president has an executive cabinet of 9 vice presidents, including a VP of Students Affairs and VP of Academic Affairs. Presidents George C. S. Benson, founding president (1946–1969) Howard R. Neville (1969–1970) Jack L. Stark (1970–1999) Pamela Gann (1999–2013) Hiram Chodosh (2013–present) Academics Rankings U.S. News & World Reports 2021 rankings rated Claremont McKenna 6th-best liberal arts college in the United States. Wall Street Journal/Times Higher Education US College Rankings 2020 ranked Claremont Mckenna as the 6th-best liberal arts college. In 2017, Forbes ranked Claremont McKenna as the 13th-best among 650 colleges, universities and service academies in the nation. Claremont McKenna is the 10th-most selective college in the nation according to collegesimply. Claremont McKenna is ranked 30th nationally in "Best Universities and Colleges by Salary Potential" by Payscale. Admissions CMC is classified as "most selective" by U.S. News & World Report. For the incoming class of 2024, CMC accepted 633 applicants (11.2%) from a pool of 5,632. Financial aid Tuition for the 2018–2019 school year is $54,160 ($27,080 per semester) for a full-time student, and room and board is on average $15,930 ($7,965 per semester for double room and 12 meals per week), for a total annual cost of attendance of $70,212.50 with other expected costs included. CMC admits students on a need-blind basis and guarantees to meet the financial need of all its students as determined by the FAFSA and the College Board's CSS Profile. For the 2016–2017 year, CMC awarded a total of $27,021,024 in financial aid. 38.9% of students received need-based financial aid with an average total grant aid package of $42,445, while 5.8% of students received merit aid, with an average award of $15,744. The college, which operates on a