According to the latest information, tuition at Drew University rose by 2.8% for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $44,174 this year, which is $1,222 higher than the $42,952 charged in the 2021-22 academic year.
Approximately 67% of the undergraduate student body at Drew University are residents of New Jersey, while about 27% come from other states.
Data indicates that 99% of full-time undergraduates who began their studies at Drew University in 2022-23 received some form of financial aid. Specifically, 304 students were awarded grants or scholarships totaling $10.1 million, and 206 students obtained student loans exceeding $2.1 million.
Across the entire undergraduate population, 1,443 students benefited from grants or scholarships amounting to $42.3 million. Additionally, 921 students secured federal student loans totaling $6 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 Drew 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 | 94 | 30% | $601,785 | $6,402 |
| State / local grant or scholarship | 79 | 26% | $908,697 | $11,502 |
| Institutional grants or scholarships | 304 | 98% | $8.6 million | $28,129 |
| Grant or scholarship aid total | 304 | 98% | $10.1 million | $33,097 |
| Federal student loans | 204 | 66% | $1.6 million | $7,833 |
| Other student loans | 32 | 10% | $550,291 | $17,197 |
| Student loan aid | 206 | 67% | $2.1 million | $10,428 |
| Total student aid | 305 | 99% | $12.2 million | $40,032 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
