Kentucky Wesleyan College reported a 5.5% tuition hike for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year, not-for-profit college paid $31,300 this year, which is $1,640 higher than the $29,660 tuition charged during the 2021-22 academic year.
Approximately 67% of the undergraduate students at the college are residents of Kentucky, while around 32% come from other states.
Data indicates that all full-time undergraduates who began studies at Kentucky Wesleyan College in 2022-23 received some form of student financial aid. Specifically, 222 students obtained grants or scholarships amounting to $5 million, and 121 students secured student loans totaling over $703,282.
Among all undergraduates, 784 students benefited from grants or scholarships totaling $14.9 million. Additionally, 420 students borrowed $3.2 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 Kentucky Wesleyan 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 | 96 | 43% | $518,458 | $5,401 |
| State / local grant or scholarship | 137 | 62% | $825,581 | $6,026 |
| Institutional grants or scholarships | 210 | 95% | $3.7 million | $17,450 |
| Grant or scholarship aid total | 222 | 100% | $5 million | $22,561 |
| Federal student loans | 121 | 55% | $593,252 | $4,903 |
| Other student loans | 10 | 5% | $110,030 | $11,003 |
| Student loan aid | 121 | 55% | $703,282 | $5,812 |
| Total student aid | 222 | 100% | $5.7 million | $25,728 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
