Tuition at Carroll College rose by 2.4% for the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $39,028 this year, which is $922 higher than the $38,106 charged during the 2021-22 academic year.
Approximately 39% of Carroll College’s undergraduate students are residents of Montana, while about 60% come from other states.
Data indicates that every full-time undergraduate who began studies at Carroll College in 2022-23 received some form of student financial aid. In total, 296 students were awarded grants or scholarships amounting to $8.3 million, and 148 students took out loans exceeding $1.1 million.
Among all undergraduates, 1,090 students benefited from grants or scholarships totaling $30.9 million. Additionally, 505 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 Carroll 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 | 49 | 17% | $280,752 | $5,730 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 296 | 100% | $8 million | $26,961 |
| Grant or scholarship aid total | 296 | 100% | $8.3 million | $27,910 |
| Federal student loans | 147 | 50% | $747,001 | $5,082 |
| Other student loans | 20 | 7% | $315,088 | $15,754 |
| Student loan aid | 148 | 50% | $1.1 million | $7,176 |
| Total student aid | 296 | 100% | $9.3 million | $31,497 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
