For the 2022-23 academic year, Husson University raised tuition by 3.2%, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $21,090 this year, an increase of $660 from the $20,430 charged during the 2021-22 academic year.
Approximately 67% of the undergraduate student body at Husson University are residents of Maine. Students from other U.S. states make up about 32%, while international students represent 1%.
Data indicates that all full-time undergraduates who began studies at Husson University in 2022-23 received some form of financial aid. In total, 562 students were awarded grants or scholarships amounting to $7.3 million, and 443 students borrowed more than $3.4 million in student loans.
Across the entire undergraduate population, 1,995 students received grants or scholarships totaling $26.1 million. Additionally, 1,691 students took out federal student loans totaling $10.8 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 Husson 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 | 207 | 37% | $1.1 million | $5,493 |
| State / local grant or scholarship | 197 | 35% | $447,635 | $2,272 |
| Institutional grants or scholarships | 562 | 100% | $5.7 million | $10,197 |
| Grant or scholarship aid total | 562 | 100% | $7.3 million | $13,017 |
| Federal student loans | 443 | 79% | $2.4 million | $5,423 |
| Other student loans | 81 | 14% | $1 million | $12,728 |
| Student loan aid | 443 | 79% | $3.4 million | $7,750 |
| Total student aid | 562 | 100% | $10.7 million | $19,125 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
