Cost of education increases for all students at Abilene Christian University in 2022-23 school year

Phil Schubert, President at Abilene Christian University - https://upload.wikimedia.org/
Phil Schubert, President at Abilene Christian University - https://upload.wikimedia.org/
0Comments

For the 2022-23 school year, tuition at Abilene Christian University rose by 2.9%, as detailed in the latest disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the four-year private nonprofit institution paid $40,500 this year, which is $1,150 higher than the $39,350 charged during the 2021-22 academic year.

Approximately 81% of the undergraduate student body at the school are Texas residents, while 16% come from other states and 3% are international students.

Data indicates that every full-time undergraduate who began studies at Abilene Christian University in 2022-23 received some form of student financial aid. A total of 890 students were awarded grants or scholarships amounting to $24.8 million, and 441 students borrowed over $4.9 million in student loans.

Across the entire undergraduate population, 3,101 students received grants or scholarships totaling $81.7 million. Additionally, 1,356 students took out federal student loans totaling $13.2 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 Abilene Christian 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 212 24% $1.3 million $5,939
State / local grant or scholarship 278 31% $1.1 million $3,822
Institutional grants or scholarships 890 100% $22.5 million $25,306
Grant or scholarship aid total 890 100% $24.8 million $27,914
Federal student loans 425 48% $2.2 million $5,128
Other student loans 149 17% $2.7 million $18,235
Student loan aid 441 49% $4.9 million $11,103
Total student aid 890 100% $29.7 million $33,415

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



Related

Texas Education Commissioner Mike Morath (2024) - Ballotpedia

Highland ISD schools Education: 194 white students were enrolled in schools in 2023-24 school year

Highland ISD schools had 194 white students enrolled in their schools in the 2023-24 school year, according to the Texas Education Agency.

Texas State Board Of Education Vice Chair Pam Little (2024) - pamlittle.com

How many white students were enrolled in Roby CISD schools in 2023-24 school year?

Roby CISD schools had 201 white students enrolled in their schools in the 2023-24 school year, according to the Texas Education Agency.

Texas Education Commissioner Mike Morath (2024) - onestarfoundation.org

How many white students were enrolled in Stamford ISD schools in 2023-24 school year?

Stamford ISD schools had 208 white students enrolled in their schools in the 2023-24 school year, according to the Texas Education Agency.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Abilene Times.