For the 2022-23 academic year, tuition at Lancaster Bible College rose by 4%, as indicated in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year, not-for-profit college paid $28,460 this year, which is $1,090 more than the $27,370 charged in the 2021-22 academic year.
Approximately 68% of the undergraduate student body at Lancaster Bible College are residents of Pennsylvania. Students from other states make up about 32%, while international students represent 1%.
Data reveals that 99% of full-time undergraduates who began their studies at Lancaster Bible College in 2022-23 received some form of student financial aid. A total of 165 students were awarded grants or scholarships amounting to $2.9 million, and 107 students borrowed over $987,543 in student loans.
Across the entire undergraduate population, 1,101 students received grants or scholarships totaling $13.5 million. Additionally, 815 students took out federal student loans amounting to $6.3 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 Lancaster 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 | 52 | 31% | $268,548 | $5,164 |
| State / local grant or scholarship | 57 | 34% | $256,686 | $4,503 |
| Institutional grants or scholarships | 165 | 99% | $2.4 million | $14,656 |
| Grant or scholarship aid total | 165 | 99% | $2.9 million | $17,839 |
| Federal student loans | 105 | 63% | $577,257 | $5,498 |
| Other student loans | 27 | 16% | $410,286 | $15,196 |
| Student loan aid | 107 | 64% | $987,543 | $9,229 |
| Total student aid | 165 | 99% | $3.9 million | $23,824 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
