Cost of education increases for all Saint Vincent College students in 2022-23 school year

Rev. Paul Taylor O.S.B. President - Saint Vincent College
Rev. Paul Taylor O.S.B. President - Saint Vincent College
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Saint Vincent College saw a 3% tuition hike for the 2022-23 academic year, according to the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private, four-year, not-for-profit institution paid $39,903 this year, an increase of $1,162 from the $38,741 tuition charged in the 2021-22 academic year.

Approximately 74% of the undergraduate student body are Pennsylvania residents, while about 25% come from other states and 1% are international students.

Data indicates that every full-time undergraduate who began studies at Saint Vincent College in 2022-23 received some form of financial aid. In total, 342 students were awarded grants or scholarships amounting to $10.7 million, and 253 students borrowed more than $2.3 million in student loans.

Across the entire undergraduate population, 1,340 students benefited from grants or scholarships totaling $39.7 million. Additionally, 1,006 students obtained $6.7 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 Saint Vincent 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 98 29% $592,773 $6,049
State / local grant or scholarship 120 35% $585,561 $4,880
Institutional grants or scholarships 342 100% $9.5 million $27,696
Grant or scholarship aid total 342 100% $10.7 million $31,142
Federal student loans 251 73% $1.4 million $5,614
Other student loans 60 18% $895,455 $14,924
Student loan aid 253 74% $2.3 million $9,109
Total student aid 342 100% $13 million $37,880

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



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