Cost of education increases for North Carolina Central University students in 2022-23 school year

Johnson O Akinleye, Chancellor - North Carolina Central University
Johnson O Akinleye, Chancellor - North Carolina Central University
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Tuition for out-of-state students at North Carolina Central University rose by 1.5% during the 2022-23 academic year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.

In-state students from North Carolina paid $6,599 to attend the public university this year, which is $45 less than the $6,644 charged in the 2021-22 academic year.

Non-resident students faced tuition costs 197.5% higher than in-state students, amounting to $19,635 for the 2022-23 school year. This represents a 1.5% increase from $19,351 in the previous year.

Approximately 65% of the undergraduate student body are North Carolina residents, while around 29% come from other states and 1% are international students.

Data indicates that 96% of full-time undergraduates who enrolled at North Carolina Central University in 2022-23 received some form of financial aid. A total of 963 students obtained grants or scholarships amounting to $12 million, and 785 students secured student loans exceeding $4.6 million.

Among all undergraduates, 4,474 students received grants or scholarships totaling $48.3 million. Additionally, 3,571 students borrowed $24.8 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 North Carolina Central University in the 2022-23 school year.

Type of AidNumber of students awarded aidPercent awarded aidTotal amount of aid awardedAverage amount of aid per student
Federal grants84679%$6.2 million$7,346
State / local grant or scholarship54651%$1.9 million$3,558
Institutional grants or scholarships89083%$3.8 million$4,304
Grant or scholarship aid total96390%$12 million$12,449
Federal student loans78573%$4.6 million$5,900
Other student loans00%$0$0
Student loan aid78573%$4.6 million$5,900
Total student aid1,02496%$16.6 million$16,229
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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