Carson-Newman University reported a 5.4% tuition increase for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year nonprofit institution paid $33,000 in tuition this year, which is $1,680 higher than the $31,320 charged during the 2021-22 academic year.
Approximately 71% of the undergraduate student body at Carson-Newman University are residents of Tennessee. Students from other states make up about 23%, while international students represent 6%.
Data indicates that all full-time undergraduates who began their studies at Carson-Newman University in 2022-23 received some form of financial aid. A total of 299 students were awarded grants or scholarships amounting to $7.9 million, and 147 students obtained student loans exceeding $981,413.
Across the entire undergraduate population, 1,403 students benefited from grants or scholarships totaling $35.3 million. Additionally, 796 students borrowed $5.1 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 Carson-Newman University 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 | 145 | 48% | $855,209 | $5,898 |
| State / local grant or scholarship | 202 | 68% | $1.3 million | $6,489 |
| Institutional grants or scholarships | 299 | 100% | $5.7 million | $19,228 |
| Grant or scholarship aid total | 299 | 100% | $7.9 million | $26,472 |
| Federal student loans | 147 | 49% | $737,355 | $5,016 |
| Other student loans | 20 | 7% | $244,058 | $12,203 |
| Student loan aid | 147 | 49% | $981,413 | $6,676 |
| Total student aid | 299 | 100% | $8.9 million | $29,754 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
