Tuition at Centre College rose by 4.5% for the 2022-23 school year, as revealed in the institution’s most recent financial report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit college paid $48,070 for the 2022-23 academic year, an increase of $2,070 from the $46,000 tuition charged in 2021-22.
Kentucky residents make up approximately 53% of the undergraduate student body at Centre College. Students from other U.S. states account for about 40%, while international students represent 7%.
Data indicates that all full-time undergraduates who began their studies at Centre College in 2022-23 received some form of financial aid. Specifically, 399 students were awarded grants or scholarships totaling $15.8 million, and 176 students obtained student loans exceeding $1.3 million.
Across the entire undergraduate population, 1,333 students benefited from grants or scholarships amounting to $50.6 million. Additionally, 607 students borrowed $4 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 Centre 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 | 77 | 19% | $438,870 | $5,700 |
| State / local grant or scholarship | 207 | 52% | $1.1 million | $5,108 |
| Institutional grants or scholarships | 399 | 100% | $14.3 million | $35,847 |
| Grant or scholarship aid total | 399 | 100% | $15.8 million | $39,597 |
| Federal student loans | 176 | 44% | $948,699 | $5,390 |
| Other student loans | 27 | 7% | $390,052 | $14,446 |
| Student loan aid | 176 | 44% | $1.3 million | $7,607 |
| Total student aid | 399 | 100% | $17.1 million | $42,952 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
