The Ross Medical Education Center-Owensboro reported a 1.9% tuition hike for the 2022-23 school year, based on recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $16,297 this year, an increase of $307 from the $15,990 charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents from Kentucky.
Records indicate that all full-time undergraduates who began their studies at Ross Medical Education Center-Owensboro in 2022-23 received some form of financial aid. Specifically, 14 students were awarded grants or scholarships totaling $79,739, while 18 students borrowed more than $209,062 in student loans.
Across the full undergraduate population, 35 students obtained grants or scholarships amounting to $196,492. Additionally, 41 students secured federal student loans totaling $288,610.
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 Ross Medical Education Center-Owensboro 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 | 14 | 78% | $79,553 | $5,682 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 11% | $0 | $0 |
| Grant or scholarship aid total | 14 | 78% | $79,739 | $5,696 |
| Federal student loans | 15 | 83% | $95,695 | $6,380 |
| Other student loans | 14 | 78% | $113,367 | $8,098 |
| Student loan aid | 18 | 100% | $209,062 | $11,615 |
| Total student aid | 18 | 100% | $288,801 | $16,044 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
