Cost of college remained steady for all Shaw University students during 2022-23 school year

Dr. Paulette Dillard, President
Dr. Paulette Dillard, President
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Shaw University maintained the same tuition fees for the 2022-23 school year, as revealed by the latest information, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the four-year private nonprofit university paid $16,480 in tuition for both the 2021-22 and 2022-23 academic years.

Approximately 55% of the undergraduate students at Shaw University are residents of North Carolina. Another 34% come from other U.S. states, while international students make up 11% of the undergraduate body.

Data indicates that 99% of full-time undergraduates who began studies at Shaw University in 2022-23 received some form of student financial aid. Among them, 188 students were awarded grants or scholarships totaling $2.9 million, and 101 students obtained student loans exceeding $586,902.

Across the entire undergraduate population, 819 students benefited from grants or scholarships amounting to $11.6 million. Additionally, 540 students took out federal student loans totaling $3.4 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 Shaw 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 148 77% $1.1 million $7,406
State / local grant or scholarship 84 44% $493,126 $5,871
Institutional grants or scholarships 174 90% $1.3 million $7,688
Grant or scholarship aid total 188 97% $2.9 million $15,568
Federal student loans 100 52% $542,458 $5,425
Other student loans 0 2% $0 $0
Student loan aid 101 52% $586,902 $5,811
Total student aid 191 99% $3.5 million $18,396

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



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