Goldey-Beacom College reported a 2.4% tuition increase for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, not-for-profit college paid $13,050 this year, which is $300 higher than the $12,750 charged during the 2021-22 academic year.
Approximately 60% of the undergraduate student body are residents of Delaware, while the remaining 40% come from other states.
All full-time undergraduates who began their studies at Goldey-Beacom College in 2022-23 received some form of financial aid. Specifically, 90 students were awarded grants or scholarships totaling $702,742, and 37 students obtained student loans amounting to more than $252,629.
Across the entire undergraduate population, 591 students benefited from grants or scholarships totaling $5.5 million. Additionally, 239 students borrowed $1.4 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 Goldey-Beacom 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 | 35 | 35% | $199,178 | $5,691 |
| State / local grant or scholarship | 7 | 7% | $9,631 | $1,376 |
| Institutional grants or scholarships | 79 | 80% | $493,933 | $6,252 |
| Grant or scholarship aid total | 90 | 91% | $702,742 | $7,808 |
| Federal student loans | 35 | 35% | $175,464 | $5,013 |
| Other student loans | 6 | 6% | $77,165 | $12,861 |
| Student loan aid | 37 | 37% | $252,629 | $6,828 |
| Total student aid | 99 | 100% | $955,371 | $9,650 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
