Tuition at Mary Baldwin University rose by 2.9% for the 2022-23 academic year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private, not-for-profit university paid $32,036 this year, an increase of $921 from the $31,115 charged during the 2021-22 academic year.
Approximately 75% of the university’s undergraduate students are residents of Virginia, while about 22% come from other states and 3% are international students.
Data indicates that 98% of full-time undergraduates who began their studies at Mary Baldwin University in 2022-23 received some form of student financial aid. Among them, 258 students were awarded grants or scholarships totaling $6.6 million, and 190 students borrowed more than $1.2 million in student loans.
Across the entire undergraduate population, 1,123 students received grants or scholarships amounting to $24.5 million. Additionally, 873 students obtained $5.8 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 217 | 83% | $921,534 | $4,247 |
| State / local grant or scholarship | 181 | 69% | $715,676 | $3,954 |
| Institutional grants or scholarships | 254 | 97% | $5 million | $19,631 |
| Grant or scholarship aid total | 258 | 98% | $6.6 million | $25,673 |
| Federal student loans | 188 | 71% | $1 million | $5,405 |
| Other student loans | 14 | 5% | $170,385 | $12,170 |
| Student loan aid | 190 | 72% | $1.2 million | $6,244 |
| Total student aid | 258 | 98% | $7.8 million | $30,271 |
