According to the most recent information, tuition fees at Salem College did not increase for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private, not-for-profit Salem College paid $31,016 in tuition for both the 2021-22 and 2022-23 academic years.
Approximately 78% of the undergraduate student body at Salem College are residents of North Carolina, while about 22% come from other states.
Data indicates that every full-time undergraduate who began studies at Salem College in the 2022-23 academic year received some form of student financial aid. Specifically, 89 students were awarded grants or scholarships totaling $2.6 million, and 61 students took out loans exceeding $349,482.
Among all undergraduates, 316 students received grants or scholarships amounting to $7.7 million. Additionally, 180 students borrowed a total of $1.1 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 Salem 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 | 51 | 57% | $315,972 | $6,196 |
| State / local grant or scholarship | 50 | 56% | $320,325 | $6,407 |
| Institutional grants or scholarships | 88 | 99% | $1.9 million | $21,958 |
| Grant or scholarship aid total | 89 | 100% | $2.6 million | $28,860 |
| Federal student loans | 61 | 69% | $319,838 | $5,243 |
| Other student loans | 0 | 2% | $0 | $0 |
| Student loan aid | 61 | 69% | $349,482 | $5,729 |
| Total student aid | 89 | 100% | $2.9 million | $32,787 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
