Cost of education increases for all Caldwell University students in 2022-23 school year

Jeffrey D. Senese, Ph.D.  President - Caldwell University
Jeffrey D. Senese, Ph.D. President - Caldwell University
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Tuition at Caldwell University rose by 3.1% for the 2022-23 school year, based on the most recent data released, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the four-year private nonprofit institution paid $38,050 this year, an increase of $1,150 from the $36,900 charged during the 2021-22 academic year.

Approximately 71% of Caldwell University’s undergraduate students are residents of New Jersey. Residents from other states make up about 7%, while international students account for 21% of the undergraduate population.

Records indicate that all full-time undergraduates who began studies at Caldwell University in 2022-23 received some form of student financial aid. A total of 443 students were awarded grants or scholarships amounting to $13.5 million, and 320 students borrowed more than $2.3 million in student loans.

Across the entire undergraduate body, 1,530 students benefited from grants or scholarships totaling $44.9 million. Additionally, 1,108 students obtained federal student loans amounting to $7.3 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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Caldwell 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 213 48% $1.2 million $5,580
State / local grant or scholarship 208 47% $2.3 million $10,954
Institutional grants or scholarships 443 100% $10.1 million $22,722
Grant or scholarship aid total 443 100% $13.5 million $30,549
Federal student loans 308 69% $1.7 million $5,417
Other student loans 40 9% $622,715 $15,568
Student loan aid 320 72% $2.3 million $7,160
Total student aid 443 100% $15.8 million $35,720

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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