Regent University reported a 4.6% tuition hike for the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year, not-for-profit institution paid $19,680 this year, an $860 increase from the $18,820 tuition charged during the 2021-22 academic year.
Approximately one-third of the undergraduate student body at Regent University are Virginia residents, while the remaining two-thirds come from other states.
Data indicates that 96% of full-time undergraduates who began studies at Regent University in 2022-23 received some form of student financial aid. Among them, 321 students were awarded grants or scholarships totaling $3.9 million, and 178 students obtained student loans exceeding $1.1 million.
Across the entire undergraduate population, 3,240 students benefited from grants or scholarships amounting to $27.7 million. Additionally, 2,613 students secured federal student loans totaling $21.5 million.
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 Regent University 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 | 145 | 41% | $799,887 | $5,516 |
| State / local grant or scholarship | 123 | 35% | $512,117 | $4,164 |
| Institutional grants or scholarships | 251 | 72% | $2.6 million | $10,366 |
| Grant or scholarship aid total | 321 | 91% | $3.9 million | $12,193 |
| Federal student loans | 178 | 51% | $1.1 million | $5,926 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 178 | 51% | $1.1 million | $5,926 |
| Total student aid | 336 | 96% | $5 million | $14,787 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
