Tuition at Amherst College increased by 4.8% for the 2022-23 academic year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
For the current year, students paid $64,100 to attend the private, four-year, not-for-profit institution, which is $2,940 higher than the $61,160 charged for the 2021-22 academic year.
Massachusetts residents make up approximately 13% of the undergraduate student body, while about 74% come from other U.S. states and 12% are international students.
Data indicates that 65% of full-time undergraduates who enrolled in the 2022-23 academic year received some form of student financial aid. A total of 269 students were awarded grants or scholarships amounting to $17.7 million, and 35 students obtained loans exceeding $343,795.
Among all undergraduates, 1,144 students received grants or scholarships totaling $72.9 million. Additionally, 166 students borrowed $929,731 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 Amherst College 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 | 96 | 21% | $600,989 | $6,260 |
| State / local grant or scholarship | 17 | 4% | $59,900 | $3,524 |
| Institutional grants or scholarships | 269 | 58% | $17 million | $63,167 |
| Grant or scholarship aid total | 269 | 58% | $17.7 million | $65,623 |
| Federal student loans | 24 | 5% | $124,600 | $5,192 |
| Other student loans | 14 | 3% | $219,195 | $15,657 |
| Student loan aid | 35 | 7% | $343,795 | $9,823 |
| Total student aid | 303 | 65% | $18 million | $59,394 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
