Cost of college increased for all Saint Peter’s University students during 2022-23 school year

Eugene J. Cornacchia, Ph.D., President - Saint Peter%27s University
Eugene J. Cornacchia, Ph.D., President - Saint Peter%27s University
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For the 2022-23 school year, tuition at Saint Peter’s University rose by 2.9%, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the four-year private nonprofit institution paid $39,890 this year, an increase of $1,130 from the $38,760 charged during the 2021-22 academic year.

Approximately 81% of the undergraduate student body are residents of New Jersey. Students from other states make up about 16%, while international students account for 3%.

Data indicates that all full-time undergraduates who began at Saint Peter’s University in 2022-23 received some form of student financial aid. A total of 389 students were awarded grants or scholarships amounting to $13.9 million, while 153 students obtained student loans exceeding $968,000.

Among all undergraduates, 1,751 students benefited from grants or scholarships totaling $54.8 million. Additionally, 688 students secured federal student loans amounting to $4.2 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 Peter’s 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 257 66% $1.5 million $6,018
State / local grant or scholarship 226 58% $2.6 million $11,582
Institutional grants or scholarships 386 99% $9.7 million $25,197
Grant or scholarship aid total 389 100% $13.9 million $35,708
Federal student loans 149 38% $740,291 $4,968
Other student loans 18 5% $227,766 $12,654
Student loan aid 153 39% $968,057 $6,327
Total student aid 389 100% $14.9 million $38,196

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



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