St. Thomas Aquinas College reported a 2.8% tuition increase for the 2022-23 school year, as revealed in the latest institutional disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $36,300 to attend the private, not-for-profit college this year, which is $100 higher than the $36,200 tuition charged during the 2021-22 academic year.
Approximately 71% of the undergraduate student body at the college are residents of New York, while around 25% come from other states.
Data indicates that all full-time undergraduates who enrolled in the 2022-23 school year at St. Thomas Aquinas College received some form of student financial aid. Specifically, 243 students were awarded grants or scholarships totaling $7.3 million, and 141 students obtained student loans amounting to more than $862,961.
Across the entire undergraduate population, 998 students utilized grants or scholarships worth $26.6 million. Additionally, 505 students borrowed $3 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.
The following data includes only full-time students who began an undergraduate program at the St. Thomas Aquinas 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 | 101 | 42% | $626,064 | $6,199 |
| State / local grant or scholarship | 65 | 27% | $251,524 | $3,870 |
| Institutional grants or scholarships | 243 | 100% | $6.5 million | $26,586 |
| Grant or scholarship aid total | 243 | 100% | $7.3 million | $30,197 |
| Federal student loans | 138 | 57% | $694,606 | $5,033 |
| Other student loans | 15 | 6% | $168,355 | $11,224 |
| Student loan aid | 141 | 58% | $862,961 | $6,120 |
| Total student aid | 243 | 100% | $8.2 million | $33,748 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
