Montreat College reported a 3.6% tuition increase for the 2022-23 school year, based on their most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $30,525 to attend the private, four-year, not-for-profit institution this year, which is $1,063 higher than the $29,462 charged during the 2021-22 academic year.
Approximately 52% of the undergraduate students at Montreat College are residents of North Carolina, while about 44% come from other states.
Data indicates that all full-time undergraduates who enrolled at Montreat College in the 2022-23 school year received some form of student financial aid. A total of 207 students were awarded grants or scholarships amounting to $4 million, and 162 students borrowed over $1.2 million in student loans.
Across the entire undergraduate population, 759 students received grants or scholarships totaling $14.4 million. Additionally, 553 students secured $3.7 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 86 | 41% | $453,900 | $5,278 |
| State / local grant or scholarship | 72 | 35% | $414,825 | $5,761 |
| Institutional grants or scholarships | 205 | 99% | $3.2 million | $15,480 |
| Grant or scholarship aid total | 207 | 100% | $4 million | $19,528 |
| Federal student loans | 162 | 78% | $845,840 | $5,221 |
| Other student loans | 23 | 11% | $353,655 | $15,376 |
| Student loan aid | 162 | 78% | $1.2 million | $7,404 |
| Total student aid | 208 | 100% | $5.2 million | $25,200 |
