Tuition at Central Baptist College rose by 1.7% for the 2022-23 school year, as revealed in the latest institutional report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private, not-for-profit college paid $17,700 this year, up $300 from the $17,400 tuition charged in the 2021-22 academic year.
Approximately 67% of the undergraduate student body are Arkansas residents, while about 28% come from other states and 5% are international students.
Data indicates that every full-time undergraduate who began studies at Central Baptist College in 2022-23 received some form of financial aid. Specifically, 103 students were awarded grants or scholarships totaling $1.1 million, and 71 students obtained student loans exceeding $682,360.
Across the entire undergraduate population, 473 students benefited from grants or scholarships amounting to $5.4 million. Additionally, 279 students borrowed a combined total of $2.5 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 Central Baptist 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 | 47 | 46% | $266,826 | $5,677 |
| State / local grant or scholarship | 38 | 37% | $57,500 | $1,513 |
| Institutional grants or scholarships | 103 | 100% | $799,975 | $7,767 |
| Grant or scholarship aid total | 103 | 100% | $1.1 million | $10,916 |
| Federal student loans | 71 | 69% | $384,792 | $5,420 |
| Other student loans | 25 | 24% | $297,568 | $11,903 |
| Student loan aid | 71 | 69% | $682,360 | $9,611 |
| Total student aid | 103 | 100% | $1.8 million | $17,540 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
