For the 2022-23 school year, McMurry University raised its tuition by 3.5%, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $30,422 this year, an increase of $1,022 from the $29,400 charged during the 2021-22 academic year.
Approximately 96% of McMurry University’s undergraduate students are residents of Texas. Out-of-state students make up about 3%, while international students account for 1%.
Data indicates that 99% of full-time undergraduates who began their studies at McMurry University in 2022-23 received some form of student financial aid. Among them, 266 students were awarded grants or scholarships totaling $5.9 million, and 185 students obtained student loans exceeding $1.4 million.
Across the entire undergraduate population, 1,031 students benefited from grants or scholarships amounting to $20.7 million. Additionally, 744 students borrowed $5.1 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 133 | 49% | $792,305 | $5,957 |
| State / local grant or scholarship | 183 | 67% | $680,327 | $3,718 |
| Institutional grants or scholarships | 263 | 96% | $4.4 million | $16,858 |
| Grant or scholarship aid total | 266 | 97% | $5.9 million | $22,204 |
| Federal student loans | 181 | 66% | $964,032 | $5,326 |
| Other student loans | 33 | 12% | $417,363 | $12,647 |
| Student loan aid | 185 | 68% | $1.4 million | $7,467 |
| Total student aid | 271 | 99% | $7.3 million | $26,891 |
