Cost of college increased for all St. Lawrence University students during 2022-23 school year

Kathryn A. Morris President - St Lawrence University
Kathryn A. Morris President - St Lawrence University
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For the 2022-23 academic year, tuition at St. Lawrence University rose by 3%, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private, four-year nonprofit institution paid $62,020 this year, which is $1,800 higher than the $60,220 charged during the 2021-22 academic year.

Approximately 34% of the undergraduate student body at the university are residents of New York. Students from other states make up about 55%, while international students account for 12%.

Data indicates that 99% of full-time undergraduates who began studies at St. Lawrence University in 2022-23 received some form of student financial aid. A total of 530 students were awarded grants or scholarships amounting to $23 million, and 289 students obtained student loans exceeding $2.6 million.

Across the entire undergraduate population, 2,072 students benefited from grants or scholarships totaling $91.3 million. Additionally, 1,179 students borrowed $7.3 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 St Lawrence University 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 100 19% $607,200 $6,072
State / local grant or scholarship 70 13% $227,496 $3,250
Institutional grants or scholarships 530 99% $22.2 million $41,915
Grant or scholarship aid total 530 99% $23 million $43,490
Federal student loans 288 54% $1.5 million $5,209
Other student loans 51 10% $1.1 million $21,086
Student loan aid 289 54% $2.6 million $8,912
Total student aid 530 99% $25.6 million $48,349

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



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