Cost for all students at North Carolina Wesleyan University increased during 2022-23 school year
For the 2022-23 academic year, tuition at North Carolina Wesleyan University rose by 2.9%, according to the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $34,352 this year, an increase of $981 from the $33,371 charged in the 2021-22 academic year.
Approximately 60% of the university's undergraduate students are residents of North Carolina, while about 22% come from other states and 16% are international students.
Data indicates that 99% of full-time undergraduates who began studies at North Carolina Wesleyan University in 2022-23 received some form of student financial aid. Among them, 244 students were awarded grants or scholarships totaling $7.1 million, and 170 students obtained student loans exceeding $1.1 million.
Across the entire undergraduate population, 1,088 students received grants or scholarships amounting to $25 million. Additionally, 787 students borrowed $5.9 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 136 | 55% | $727,416 | $5,349 |
| State / local grant or scholarship | 113 | 46% | $678,940 | $6,008 |
| Institutional grants or scholarships | 242 | 98% | $5.7 million | $23,606 |
| Grant or scholarship aid total | 244 | 99% | $7.1 million | $29,177 |
| Federal student loans | 169 | 69% | $974,484 | $5,766 |
| Other student loans | 7 | 3% | $82,701 | $11,814 |
| Student loan aid | 170 | 69% | $1.1 million | $6,219 |
| Total student aid | 244 | 99% | $8.2 million | $33,509 |