Cost of college increased for all Milligan University students during 2022-23 school year

Tuition at Milligan University increased by 3.9% for the 2022-23 school year, as revealed in the institution’s most recent financial report, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private, four-year nonprofit university paid $37,550 this year, marking a $1,410 rise from the $36,140 tuition charged during the 2021-22 academic year.

Approximately half of Milligan University’s undergraduate students are residents of Tennessee, while about 47% come from other states.

Data indicates that all full-time undergraduates who began their studies at Milligan University in 2022-23 received some form of student financial aid. A total of 175 students were awarded grants or scholarships amounting to $5 million, and 84 students secured student loans exceeding $707,620.

Across the entire undergraduate body, 717 students benefited from grants or scholarships totaling $20.6 million. Additionally, 370 students obtained federal student loans amounting to $2.5 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.