Cost of education increases for all Connecticut College students in 2022-23 school year

Interim President Leslie E. Wong, Ph.D.
Interim President Leslie E. Wong, Ph.D.
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For the 2022-23 academic year, tuition at Connecticut College rose by 3.6%, as revealed in the latest institutional report, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private, four-year nonprofit institution paid $63,005 this year, an increase of $2,210 from the $60,795 charged in the 2021-22 academic year.

Connecticut residents make up approximately 11% of the undergraduate student body, while about 84% come from other states and 5% are international students.

Data indicates that every full-time undergraduate who began studies at Connecticut College in 2022-23 received some form of financial aid. A total of 627 students were awarded grants or scholarships amounting to $24.7 million, and 228 students borrowed over $2.3 million in student loans.

Across the entire undergraduate population, 1,891 students benefited from grants or scholarships totaling $69.5 million, while 702 students secured $4.3 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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Connecticut 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 85 13% $518,083 $6,095
State / local grant or scholarship 0 1% $0 $0
Institutional grants or scholarships 627 100% $24.1 million $38,506
Grant or scholarship aid total 627 100% $24.7 million $39,354
Federal student loans 221 35% $1.1 million $5,059
Other student loans 44 7% $1.2 million $26,735
Student loan aid 228 36% $2.3 million $10,063
Total student aid 627 100% $27 million $43,013

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



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