Cost for all St. John’s College students increased during 2022-23 school year

St. John’s College reported a 3.9% tuition increase for the 2022-23 school year in its most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the four-year private nonprofit institution paid $37,090 this year, which is $1,080 higher than the $36,010 charged during the 2021-22 academic year.

Approximately 10% of the undergraduate student body at the college are New Mexico residents, while about 81% come from other states and 9% are international students.

Data indicates that 97% of full-time undergraduates who began studies at St. John’s College in 2022-23 received some form of financial aid. In total, 81 students were awarded grants or scholarships amounting to $2 million, and 40 students obtained student loans exceeding $245,013.

Among all undergraduates, 354 students benefited from grants or scholarships totaling $10.4 million. Additionally, 155 students secured $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.