William Peace University reported a 1.8% tuition increase for the 2022-23 academic year, as revealed in its most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
For the current year, students paid $33,050 to attend the private, not-for-profit, four-year institution, which is $600 higher than the $32,450 charged during the 2021-22 academic year.
Approximately 73% of the undergraduate students at the university are residents of North Carolina, while about 27% come from other states.
Data indicates that all full-time undergraduates who began their studies at William Peace University in 2022-23 received some form of student financial aid. Specifically, 136 students were awarded grants or scholarships totaling $3.3 million, and 125 students obtained student loans amounting to more than $865,800.
Among the entire undergraduate population, 578 students benefited from grants or scholarships totaling $13.2 million. Additionally, 444 students borrowed $1.9 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 William Peace 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 | 59 | 43% | $356,655 | $6,045 |
| State / local grant or scholarship | 56 | 41% | $365,195 | $6,521 |
| Institutional grants or scholarships | 136 | 100% | $2.6 million | $19,080 |
| Grant or scholarship aid total | 136 | 100% | $3.3 million | $24,387 |
| Federal student loans | 124 | 91% | $722,918 | $5,830 |
| Other student loans | 11 | 8% | $142,882 | $12,989 |
| Student loan aid | 125 | 92% | $865,800 | $6,926 |
| Total student aid | 136 | 100% | $4.2 million | $30,753 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
