Cost of education increases for all Bard College students in 2022-23 school year

Leon Botstein, President, Bard College - Bard College
Leon Botstein, President, Bard College - Bard College
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Bard College reported a 4.6% tuition hike for the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.

Students attending the four-year private nonprofit institution paid $60,622 this year, an increase of $2,654 from the $57,968 charged in the 2021-22 academic year.

Approximately 31% of Bard College’s undergraduate students are residents of New York, while about 59% come from other states. International students make up around 9% of the undergraduate population.

Data reveals that 84% of full-time undergraduates who enrolled at Bard College in 2022-23 received some form of financial aid. In total, 341 students were awarded grants or scholarships amounting to $19.2 million, and 209 students borrowed more than $1.5 million in student loans.

Across all undergraduate students, 1,586 individuals received grants or scholarships totaling $85.7 million. Additionally, 790 students took out federal student loans totaling $5.1 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 Bard 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 160 36% $530,045 $3,313
State / local grant or scholarship 56 13% $208,986 $3,732
Institutional grants or scholarships 341 77% $18.5 million $54,213
Grant or scholarship aid total 341 77% $19.2 million $56,380
Federal student loans 208 47% $1.3 million $6,150
Other student loans 12 3% $214,088 $17,841
Student loan aid 209 47% $1.5 million $7,145
Total student aid 374 84% $20.7 million $55,398

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



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