Cost of college increased for all Alcorn State University students during 2022-23 school year

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Tuition fees at Alcorn State University rose by 4.6% for the 2022-23 school year, based on the most recent information available, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the four-year public university paid $8,549 this year, an increase of $373 from the $8,176 charged during the 2021-22 academic year.

Approximately 70% of the undergraduate student body are residents of Mississippi, while about 30% come from other states.

Data indicates that all full-time undergraduates who began studies at Alcorn State University in 2022-23 received some form of student financial aid. A total of 457 students were awarded grants or scholarships amounting to $4.9 million, and 389 students obtained student loans exceeding $2.5 million.

Across the entire undergraduate population, 2,012 students benefited from grants or scholarships totaling $20.5 million. Additionally, 1,715 students secured federal student loans amounting to $12.8 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 Alcorn State 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 390 85% $2.9 million $7,320
State / local grant or scholarship 103 22% $171,176 $1,662
Institutional grants or scholarships 291 63% $1.9 million $6,503
Grant or scholarship aid total 457 100% $4.9 million $10,763
Federal student loans 389 85% $2.5 million $6,478
Other student loans 0 0% $0 $0
Student loan aid 389 85% $2.5 million $6,478
Total student aid 459 100% $7.4 million $16,206

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



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