Tuition at Albertus Magnus College increased by 3.4% for the 2022-23 academic year, based on the institution’s most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private not-for-profit college paid $37,682 this year, which is $1,240 higher than the $36,442 charged during the 2021-22 school year.
Approximately 79% of the undergraduate student body are residents of Connecticut. Students from other states make up about 16%, while international students account for 5%.
Data indicates that 99% of full-time undergraduates who began their studies at Albertus Magnus College in 2022-23 received some form of student financial aid. In total, 160 students were awarded grants or scholarships amounting to $4.2 million, and 129 students borrowed more than $1.7 million in student loans.
Across the entire undergraduate population, 807 students utilized grants or scholarships totaling $16.4 million. Additionally, 746 students borrowed $7.2 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 Albertus Magnus 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 | 78 | 48% | $490,128 | $6,284 |
| State / local grant or scholarship | 39 | 24% | $28,116 | $721 |
| Institutional grants or scholarships | 157 | 97% | $3.7 million | $23,549 |
| Grant or scholarship aid total | 160 | 99% | $4.2 million | $26,347 |
| Federal student loans | 129 | 80% | $1.4 million | $10,989 |
| Other student loans | 16 | 10% | $280,608 | $17,538 |
| Student loan aid | 129 | 80% | $1.7 million | $13,165 |
| Total student aid | 160 | 99% | $5.9 million | $36,960 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
