Colorado College reported a 4.8% tuition increase for the 2022-23 academic year in its latest disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $65,028 to attend the private, four-year nonprofit college this year, which is $2,958 higher than the $62,070 tuition charged during the 2021-22 academic year.
Approximately 19% of the undergraduate student body at Colorado College are residents of Colorado. Students from other states make up about 77%, while international students account for 5%.
Data indicates that 62% of full-time undergraduates who enrolled in the 2022-23 school year received some form of financial aid. A total of 297 students were awarded grants or scholarships amounting to $14.2 million, and 145 students obtained student loans exceeding $1.2 million.
Across the entire undergraduate population, 1,242 students received grants or scholarships totaling $59.4 million. Additionally, 529 students borrowed $3.1 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 Colorado 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 | 71 | 13% | $494,975 | $6,971 |
| State / local grant or scholarship | 16 | 3% | $77,500 | $4,844 |
| Institutional grants or scholarships | 297 | 56% | $13.7 million | $46,019 |
| Grant or scholarship aid total | 297 | 56% | $14.2 million | $47,947 |
| Federal student loans | 139 | 26% | $698,636 | $5,026 |
| Other student loans | 14 | 3% | $469,081 | $33,506 |
| Student loan aid | 145 | 27% | $1.2 million | $8,053 |
| Total student aid | 333 | 62% | $15.4 million | $46,269 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
