For the 2022-23 academic year, Prescott College raised tuition by 2.2%, as detailed in the latest disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $35,450 this year, which is $749 higher than the $34,701 charged during the 2021-22 academic year.
Approximately 27% of the undergraduate student body at Prescott College are Arizona residents, while the remaining 73% come from other states.
Data indicates that all full-time undergraduates who began studies at Prescott College in the 2022-23 year received some form of student financial aid. Specifically, 32 students were awarded grants or scholarships totaling $765,723, and 19 students obtained student loans exceeding $127,000.
Across the entire undergraduate population, 279 students received grants or scholarships amounting to $4.6 million. Additionally, 168 students borrowed a total of $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 Prescott 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 | 13 | 41% | $99,050 | $7,619 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 31 | 97% | $666,673 | $21,506 |
| Grant or scholarship aid total | 32 | 100% | $765,723 | $23,929 |
| Federal student loans | 19 | 59% | $127,000 | $6,684 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 19 | 59% | $127,000 | $6,684 |
| Total student aid | 32 | 100% | $892,723 | $27,897 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
