Cost of college increased for all Saint Francis University students during 2022-23 school year

Fr. Malachi Van Tassell T.O.R., Ph.D, President - Saint Francis University
Fr. Malachi Van Tassell T.O.R., Ph.D, President - Saint Francis University
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Tuition fees at Saint Francis University rose by 2.6% for the 2022-23 academic year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private, four-year, not-for-profit institution paid $40,520 this year, which is $1,018 higher than the $39,502 charged during the 2021-22 academic year.

Approximately 71% of the undergraduate student body at the university are Pennsylvania residents. Students from other states make up about 27%, while international students account for 2%.

Data indicates that every full-time undergraduate who began studies at Saint Francis University in 2022-23 received some form of student financial aid. A total of 327 students were awarded grants or scholarships amounting to $9.9 million, while 257 students secured student loans exceeding $3.5 million.

Across all undergraduate students, 1,595 received grants or scholarships totaling $41.6 million. Additionally, 991 students obtained federal student loans amounting to $9.8 million.

Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.

According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.

Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Saint Francis University in the 2022-23 school year.

Type of Aid Number of students awarded aid Percent awarded aid Total amount of aid awarded Average amount of aid per student
Federal grants 82 25% $463,608 $5,654
State / local grant or scholarship 115 35% $454,411 $3,951
Institutional grants or scholarships 327 100% $9 million $27,409
Grant or scholarship aid total 327 100% $9.9 million $30,216
Federal student loans 242 74% $1.5 million $6,064
Other student loans 135 41% $2.1 million $15,324
Student loan aid 257 79% $3.5 million $13,759
Total student aid 327 100% $13.4 million $41,030

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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