Cost of attending North Central College increases for all students in 2022-23 school year
Tuition at North Central College rose by 2% for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private, not-for-profit college paid $43,046 this year, an increase of $840 from the $42,206 charged during the 2021-22 academic year.
Approximately 85% of the undergraduate student body are residents of Illinois, while around 11% come from other states.
Data indicates that every full-time undergraduate who began studies at North Central College in the 2022-23 school year received some form of student financial aid. Specifically, 481 students were awarded grants or scholarships totaling $14.7 million, and 281 students borrowed student loans amounting to over $2.1 million.
Across the entire undergraduate population, 2,287 students benefited from grants or scholarships totaling $66.7 million. Additionally, 1,890 students took out federal student loans totaling $8.8 million.
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 | 105 | 22% | $611,731 | $5,826 |
| State / local grant or scholarship | 118 | 25% | $810,480 | $6,868 |
| Institutional grants or scholarships | 481 | 100% | $13.3 million | $27,662 |
| Grant or scholarship aid total | 481 | 100% | $14.7 million | $30,619 |
| Federal student loans | 279 | 58% | $1.5 million | $5,315 |
| Other student loans | 47 | 10% | $666,089 | $14,172 |
| Student loan aid | 281 | 58% | $2.1 million | $7,648 |
| Total student aid | 481 | 100% | $16.9 million | $35,086 |