Salve Regina University reported a 4.1% tuition increase for the 2022-23 school year, based on the latest available figures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $46,000 this year, an increase of $1,800 from the $44,200 charged during the 2021-22 academic year.
Rhode Island residents make up approximately 12% of the undergraduate student body, while about 86% come from other states, and 2% are international students.
Data indicates that all full-time undergraduates who began studies at Salve Regina University in 2022-23 received some form of student financial aid. A total of 592 students were awarded grants or scholarships amounting to $17.6 million, and 453 students borrowed over $4.9 million in student loans.
Across the entire undergraduate population, 2,113 students received grants or scholarships totaling $54.8 million. Additionally, 1,555 students obtained $10.1 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.
The following data includes only full-time students who began an undergraduate program at the Salve Regina 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 | 104 | 18% | $581,100 | $5,588 |
| State / local grant or scholarship | 18 | 3% | $25,500 | $1,417 |
| Institutional grants or scholarships | 592 | 100% | $17 million | $28,765 |
| Grant or scholarship aid total | 592 | 100% | $17.6 million | $29,790 |
| Federal student loans | 445 | 75% | $2.5 million | $5,513 |
| Other student loans | 110 | 19% | $2.5 million | $22,415 |
| Student loan aid | 453 | 77% | $4.9 million | $10,859 |
| Total student aid | 592 | 100% | $22.6 million | $38,099 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
