Cost of education increases for all Mount Aloysius College students in 2022-23 school year

John N. McKeegan, J.D., President - Mount Aloysius College
John N. McKeegan, J.D., President - Mount Aloysius College
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Tuition at Mount Aloysius College rose by 2.5% for the 2022-23 academic year, as revealed in the latest institutional report, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private, four-year, not-for-profit college paid $25,510 this year, an increase of $620 from the $24,890 charged during the 2021-22 academic year.

Approximately 82% of the undergraduate student body are Pennsylvania residents, while about 8% come from other states and 11% are international students.

Data indicates that every full-time undergraduate who began studies at Mount Aloysius College in the 2022-23 academic year received some form of financial aid. In total, 295 students were awarded grants or scholarships amounting to $5.5 million, and 229 students obtained student loans exceeding $2.2 million.

Across the entire undergraduate population, 1,026 students benefited from grants or scholarships totaling $16.7 million. Additionally, 874 students borrowed $6.1 million in federal student loans.

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 Mount Aloysius College 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 108 37% $635,366 $5,883
State / local grant or scholarship 179 61% $1 million $5,779
Institutional grants or scholarships 294 100% $3.8 million $12,949
Grant or scholarship aid total 295 100% $5.5 million $18,566
Federal student loans 226 77% $1.3 million $5,754
Other student loans 71 24% $864,135 $12,171
Student loan aid 229 78% $2.2 million $9,452
Total student aid 295 100% $7.6 million $25,903

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



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