Cost of education increases for all students at Le Moyne College in 2022-23 school year

Carly Colbert, Chief of Staff - Le Moyne College
Carly Colbert, Chief of Staff - Le Moyne College
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Le Moyne College reported a 2.3% tuition increase for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

This year, students paid $37,450 to attend the private, not-for-profit four-year institution, which is $840 higher than the $36,610 charged in the 2021-22 academic year.

Approximately 89% of the undergraduate student body are residents of New York. Students from other states make up about 8%, while international students represent 2%.

Data indicates that every full-time undergraduate who enrolled at Le Moyne College in the 2022-23 academic year received some form of financial aid. In total, 601 students were awarded grants or scholarships amounting to $17.5 million, and 449 students secured loans exceeding $3.9 million.

Across the entire undergraduate population, 2,233 students benefited from grants or scholarships totaling $59.9 million. Additionally, 1,615 students obtained federal student loans totaling $10.2 million.

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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Le Moyne 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 229 38% $1.5 million $6,484
State / local grant or scholarship 275 46% $855,413 $3,111
Institutional grants or scholarships 600 100% $15.1 million $25,214
Grant or scholarship aid total 601 100% $17.5 million $29,066
Federal student loans 441 73% $2.3 million $5,138
Other student loans 101 17% $1.6 million $15,898
Student loan aid 449 75% $3.9 million $8,623
Total student aid 601 100% $21.3 million $35,508

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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