Tuition fees at Saint Michael’s College rose by 2.4% 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 paid $49,840 to attend the private, four-year not-for-profit institution this year, an increase of $1,150 from the $48,690 charged during the 2021-22 academic year.
Approximately 20% of the undergraduate student body are residents of Vermont, while about 77% come from other U.S. states and 3% are international students.
Data indicates that all full-time undergraduates who enrolled at Saint Michael’s College in 2022-23 received some form of student financial aid. A total of 258 students were awarded grants or scholarships amounting to $9.4 million, and 159 students took out loans exceeding $2.3 million.
Among all undergraduates, 1,189 students benefited from grants or scholarships totaling $41.5 million, while 705 students borrowed $6.9 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 Saint Michael’s 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 | 38 | 15% | $297,736 | $7,835 |
| State / local grant or scholarship | 28 | 11% | $86,600 | $3,093 |
| Institutional grants or scholarships | 258 | 100% | $9 million | $34,884 |
| Grant or scholarship aid total | 258 | 100% | $9.4 million | $36,374 |
| Federal student loans | 157 | 61% | $1.3 million | $8,216 |
| Other student loans | 51 | 20% | $982,181 | $19,258 |
| Student loan aid | 159 | 62% | $2.3 million | $14,290 |
| Total student aid | 258 | 100% | $11.7 million | $45,180 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
