For the 2022-23 school year, tuition at Louisburg College rose by 4.8%, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $21,880 to attend the two-year private nonprofit institution this year, which is $1,002 higher than the $20,878 charged during the 2021-22 academic year.
Approximately 73% of the undergraduate student body at the school are residents of North Carolina. Residents from other states make up about 24%, while international students account for 3%.
Data indicates that all full-time undergraduates who enrolled at Louisburg College in 2022-23 received some form of student financial aid. A total of 241 students were awarded grants or scholarships amounting to $2.8 million, and 160 students borrowed over $1.1 million in student loans.
Across the entire undergraduate population, 407 students benefited from grants or scholarships totaling $4.3 million. Additionally, 271 students took out federal student loans totaling $1.6 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.
The following data includes only full-time students who began an undergraduate program at the Louisburg 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 | 241 | 100% | $827,476 | $3,434 |
| State / local grant or scholarship | 155 | 64% | $770,932 | $4,974 |
| Institutional grants or scholarships | 142 | 59% | $1.2 million | $8,240 |
| Grant or scholarship aid total | 241 | 100% | $2.8 million | $11,487 |
| Federal student loans | 160 | 66% | $1.1 million | $6,770 |
| Other student loans | 12 | 5% | $31,887 | $2,657 |
| Student loan aid | 160 | 66% | $1.1 million | $6,970 |
| Total student aid | 241 | 100% | $3.9 million | $16,114 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
