For the 2022-23 academic year, tuition at Pfeiffer University rose by 2.5%, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled in the four-year private nonprofit institution paid $33,290 this year, which is $810 higher than the $32,480 charged during the 2021-22 school year.
Approximately 72% of the university’s undergraduate students are residents of North Carolina. Students from other states make up about 24%, while international students account for 4%.
Data indicates that all full-time undergraduates who began studies at Pfeiffer University in 2022-23 received some form of financial aid. Specifically, 164 students were awarded grants or scholarships totaling $4.2 million, and 120 students obtained student loans exceeding $733,356.
Among all undergraduate students, 683 received grants or scholarships amounting to $17.2 million. Additionally, 529 students borrowed a total of $5 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 | 82 | 50% | $485,131 | $5,916 |
| State / local grant or scholarship | 79 | 48% | $512,666 | $6,489 |
| Institutional grants or scholarships | 162 | 99% | $3.2 million | $19,613 |
| Grant or scholarship aid total | 164 | 100% | $4.2 million | $25,458 |
| Federal student loans | 120 | 73% | $640,108 | $5,334 |
| Other student loans | 7 | 4% | $93,248 | $13,321 |
| Student loan aid | 120 | 73% | $733,356 | $6,111 |
| Total student aid | 164 | 100% | $4.9 million | $29,929 |
