The tuition fees at Philander Smith University remained consistent for the 2022-23 school year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $13,014 for tuition during both the 2021-22 and 2022-23 academic years.
Approximately 58% of the university’s undergraduate students are residents of Arkansas. Students from other states make up about 33%, while international students account for 9%.
Data indicates that 90% of full-time undergraduates who began studies at Philander Smith University in 2022-23 received some form of financial aid. A total of 193 students were awarded grants or scholarships amounting to $2.3 million, and 116 students took out loans exceeding $721,601.
Among all undergraduates, 714 students benefited from grants or scholarships totaling $9.3 million. Additionally, 482 students secured federal student loans amounting to $3.6 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 Philander Smith 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 | 163 | 75% | $1.1 million | $6,874 |
| State / local grant or scholarship | 9 | 4% | $11,085 | $1,232 |
| Institutional grants or scholarships | 131 | 60% | $1.1 million | $8,729 |
| Grant or scholarship aid total | 193 | 89% | $2.3 million | $11,788 |
| Federal student loans | 116 | 53% | $721,601 | $6,221 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 116 | 53% | $721,601 | $6,221 |
| Total student aid | 195 | 90% | $3 million | $15,367 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
