The Southeastern Free Will Baptist Bible College raised tuition by 2.2% for the 2022-23 school year, as revealed in the latest financial disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year, not-for-profit college paid $10,690 this year, which is $145 higher than the $10,545 charged during the 2021-22 academic year.
Approximately 65% of the undergraduate student body are residents of North Carolina, while the remaining 35% come from other states.
Data indicates that every full-time undergraduate who began studies at Southeastern Free Will Baptist Bible College in 2022-23 received some form of student financial aid. In total, 21 students were awarded grants or scholarships amounting to $130,616.
Across all undergraduates, 70 students benefited from grants or scholarships totaling $393,300. Additionally, 18 students obtained federal student loans totaling $107,167.
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 Southeastern Free Will Baptist Bible 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 | 7 | 33% | $33,326 | $4,761 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 21 | 100% | $97,290 | $4,633 |
| Grant or scholarship aid total | 21 | 100% | $130,616 | $6,220 |
| Federal student loans | 0 | 5% | $0 | $0 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 0 | 5% | $0 | $0 |
| Total student aid | 21 | 100% | $130,616 | $6,219 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.