Hendrix College reported a 5.2% tuition increase for the 2022-23 academic year, based on recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year, not-for-profit institution paid $35,100 this year, an increase of $1,750 from the $33,350 tuition charged in the 2021-22 academic year.
Approximately 44% of the undergraduate student body at Hendrix College are residents of Arkansas, while about 55% come from other states.
All full-time undergraduates who began studies at Hendrix College in the 2022-23 school year received some form of financial aid. Specifically, 363 students were awarded grants or scholarships totaling $10.3 million, and 187 students obtained student loans exceeding $1.5 million.
Across the entire undergraduate population, 1,110 students received grants or scholarships amounting to $40.2 million. Additionally, 507 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 Hendrix 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 | 85 | 23% | $505,275 | $5,944 |
| State / local grant or scholarship | 125 | 34% | $496,400 | $3,971 |
| Institutional grants or scholarships | 363 | 100% | $9.3 million | $25,518 |
| Grant or scholarship aid total | 363 | 100% | $10.3 million | $28,277 |
| Federal student loans | 180 | 50% | $904,904 | $5,027 |
| Other student loans | 40 | 11% | $614,351 | $15,359 |
| Student loan aid | 187 | 52% | $1.5 million | $8,124 |
| Total student aid | 363 | 100% | $11.8 million | $32,462 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
