Tuition fees at Albright College rose by 2% for the 2022-23 academic year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year, not-for-profit Albright College paid $28,230 this year, an increase of $552 from the $27,678 charged during the 2021-22 academic year.
Approximately 63% of the undergraduate student body are residents of Pennsylvania, while about 36% come from other states.
Data indicates that all full-time undergraduates who began their studies at Albright College in 2022-23 received some form of financial aid. Specifically, 391 students were awarded grants or scholarships totaling $8.7 million, and 311 students obtained student loans amounting to more than $2.3 million.
Among all undergraduates, 1,225 students benefited from grants or scholarships totaling $26.7 million. Additionally, 1,012 students borrowed $6.5 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.
The following data includes only full-time students who began an undergraduate program at the Albright 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 | 210 | 54% | $1.1 million | $5,442 |
| State / local grant or scholarship | 146 | 37% | $716,309 | $4,906 |
| Institutional grants or scholarships | 391 | 100% | $6.8 million | $17,446 |
| Grant or scholarship aid total | 391 | 100% | $8.7 million | $22,201 |
| Federal student loans | 306 | 78% | $1.7 million | $5,425 |
| Other student loans | 46 | 12% | $668,977 | $14,543 |
| Student loan aid | 311 | 79% | $2.3 million | $7,489 |
| Total student aid | 392 | 100% | $11 million | $28,085 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
