The cost of tuition at Rob Roy Academy-New Bedford rose by 6.2% for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $15,400 to attend the private for-profit institution this year, which is $900 more than the $14,500 charged during the 2021-22 academic year.
All undergraduate students enrolled at the school are residents of Massachusetts.
Data reveals that 92% of full-time undergraduates who began their studies at Rob Roy Academy-New Bedford in 2022-23 received some form of student financial aid. Eight students were awarded grants or scholarships totaling $48,988, while 12 students secured student loans exceeding $82,500.
Among all undergraduates, 13 students obtained grants or scholarships amounting to $71,096. Additionally, 18 students borrowed $118,500 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 Rob Roy Academy-New Bedford 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 | 8 | 62% | $47,788 | $5,974 |
| State / local grant or scholarship | 0 | 8% | $0 | $0 |
| Institutional grants or scholarships | 0 | 8% | $0 | $0 |
| Grant or scholarship aid total | 8 | 62% | $48,988 | $6,124 |
| Federal student loans | 12 | 92% | $82,500 | $6,875 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 12 | 92% | $82,500 | $6,875 |
| Total student aid | 12 | 92% | $131,488 | $10,957 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
