The College of the Albemarle reported no increase in out-of-state tuition fees for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
North Carolina residents paid $2,260 to attend the two-year public college this year, a $32 increase from the $2,228 charged during the 2021-22 academic year.
Non-resident students faced tuition costs 255.4% higher than those for residents in 2022-23, amounting to $8,033. This represents a 9.4% rise from the $7,346 tuition fee in 2021-22.
Approximately 98% of the undergraduate student body at the college are North Carolina residents, while around 2% come from other states.
Data indicates that 67% of full-time undergraduates who enrolled at the College of the Albemarle in 2022-23 received some form of financial aid. A total of 92 students were awarded grants or scholarships amounting to $654,115.
Across all undergraduates, 667 students benefited from grants or scholarships totaling $4.9 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 64 | 43% | $481,453 | $7,523 |
| State / local grant or scholarship | 59 | 39% | $96,001 | $1,627 |
| Institutional grants or scholarships | 36 | 24% | $76,661 | $2,129 |
| Grant or scholarship aid total | 92 | 61% | $654,115 | $7,110 |
| Federal student loans | 0 | 0% | $0 | $0 |
| Other student loans | 0 | 1% | $0 | $0 |
| Student loan aid | 0 | 1% | $0 | $0 |
| Total student aid | 101 | 67% | $654,115 | $6,476 |
