Cost of college increased for all Marist College students during 2022-23 school year

Debra Houry, CDC Deputy Director for Program and Science/Chief Medical Officer - cdc.gov
Debra Houry, CDC Deputy Director for Program and Science/Chief Medical Officer - cdc.gov
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Marist College reported a 2.6% tuition increase for the 2022-23 school year, based on the latest information released, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private, not-for-profit four-year institution paid $44,660 this year, which is $1,250 higher than the $43,410 tuition fee for the 2021-22 academic year.

Approximately 43% of the undergraduate student body at Marist College are New York residents. Students from other states make up about 55%, while international students account for 2%.

Data indicates that 98% of full-time undergraduates who began their studies at Marist College in 2022-23 received some form of financial aid. A total of 1,291 students were awarded grants or scholarships amounting to $30.8 million, and 1,100 students took out loans exceeding $9.4 million.

Across the entire undergraduate population, 4,598 students benefited from grants or scholarships totaling $102.8 million. Additionally, 3,450 students borrowed $22.7 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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Marist 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 234 18% $1.4 million $6,134
State / local grant or scholarship 115 9% $474,626 $4,127
Institutional grants or scholarships 1,286 96% $28.9 million $22,444
Grant or scholarship aid total 1,291 97% $30.8 million $23,836
Federal student loans 1,098 82% $6.1 million $5,514
Other student loans 131 10% $3.4 million $25,589
Student loan aid 1,100 82% $9.4 million $8,551
Total student aid 1,305 98% $40.2 million $30,788

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



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