Tuition at Rob Roy Academy-Fall River rose by 8.3% for the 2022-23 school year, based on the most recent figures released, according to the latest disclosure from the National Center for Education Statistics.
Students paid $15,980 to attend the private for-profit institution this year, which is $1,230 higher than the $14,750 charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents from Massachusetts.
Data indicates that 86% of full-time undergraduates who enrolled at Rob Roy Academy-Fall River in 2022-23 received some form of financial aid. Specifically, 38 students were awarded grants or scholarships totaling $238,780, while 47 students borrowed more than $306,726 in student loans.
Across all undergraduates, 102 students utilized grants or scholarships amounting to $499,577. Additionally, 117 students took out federal student loans totaling $654,089.
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 Rob Roy Academy-Fall River 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 | 38 | 68% | $230,630 | $6,069 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 5 | 9% | $8,150 | $1,630 |
| Grant or scholarship aid total | 38 | 68% | $238,780 | $6,284 |
| Federal student loans | 47 | 84% | $306,726 | $6,526 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 47 | 84% | $306,726 | $6,526 |
| Total student aid | 48 | 86% | $545,506 | $11,364 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
