Belmont Abbey College did not increase tuition fees for the 2022-23 school year, as indicated in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, not-for-profit institution paid $18,500 for tuition during both the 2021-22 and 2022-23 academic years.
Approximately 37% of the college’s undergraduate students are residents of North Carolina. Students from other states make up about 57%, while international students represent 6% of the undergraduate population.
Data reveals that 99% of full-time undergraduates who began studies at Belmont Abbey College in 2022-23 received some form of financial aid. A total of 390 students were awarded grants or scholarships amounting to $3.5 million, and 196 students secured student loans exceeding $1.4 million.
Among all undergraduates, 1,359 students benefited from grants or scholarships totaling $13.9 million. Additionally, 700 students took out federal student loans amounting to $4.6 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.
| 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 | 25% | $523,062 | $5,337 |
| State / local grant or scholarship | 69 | 18% | $424,800 | $6,157 |
| Institutional grants or scholarships | 390 | 99% | $2.6 million | $6,667 |
| Grant or scholarship aid total | 390 | 99% | $3.5 million | $9,098 |
| Federal student loans | 190 | 48% | $984,246 | $5,180 |
| Other student loans | 28 | 7% | $432,933 | $15,462 |
| Student loan aid | 196 | 50% | $1.4 million | $7,231 |
| Total student aid | 390 | 99% | $5 million | $12,731 |
