For the 2022-23 school year, tuition at Assumption University rose by 3.5%, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, not-for-profit university paid $47,508 for the year, which is $1,608 higher than the $45,900 charged during the 2021-22 academic year.
Massachusetts residents make up approximately 72% of the undergraduate student body, while 27% come from other U.S. states, and international students account for 1%.
Data indicates that every full-time undergraduate who began studies at Assumption University in 2022-23 received some form of financial aid. Specifically, 369 students were awarded grants or scholarships totaling $12.1 million, and 339 students borrowed over $3.1 million in student loans.
Across the entire undergraduate population, 1,666 students benefited from grants or scholarships amounting to $52.1 million. Additionally, 1,435 students secured $9.6 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 Assumption 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 | 77 | 21% | $465,742 | $6,049 |
| State / local grant or scholarship | 76 | 21% | $253,830 | $3,340 |
| Institutional grants or scholarships | 369 | 100% | $11.4 million | $30,809 |
| Grant or scholarship aid total | 369 | 100% | $12.1 million | $32,759 |
| Federal student loans | 339 | 92% | $1.8 million | $5,390 |
| Other student loans | 70 | 19% | $1.3 million | $18,771 |
| Student loan aid | 339 | 92% | $3.1 million | $9,266 |
| Total student aid | 369 | 100% | $15.2 million | $41,271 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
