The Word of Life Bible Institute reported a 1.7% tuition increase for the 2022-23 school year, as revealed in its latest financial disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private nonprofit institution paid $11,400 this year, which is $196 more than the $11,204 tuition charged during the 2021-22 academic year.
Approximately 16% of the undergraduate student body are residents of New York. The majority, about 75%, come from other states, while international students make up 9% of the population.
Data indicates that 99% of full-time undergraduates who began studies at the Word of Life Bible Institute in 2022-23 received some form of financial aid. A total of 318 students were awarded grants or scholarships amounting to $2.6 million, and 58 students obtained student loans exceeding $422,275.
Across the entire undergraduate population, 484 students received grants or scholarships totaling $4 million. Additionally, 195 students borrowed $1.1 million 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 the Word of Life Bible Institute 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 | 137 | 43% | $674,537 | $4,924 |
| State / local grant or scholarship | 9 | 3% | $19,090 | $2,121 |
| Institutional grants or scholarships | 318 | 99% | $1.9 million | $5,992 |
| Grant or scholarship aid total | 318 | 99% | $2.6 million | $8,173 |
| Federal student loans | 56 | 18% | $307,852 | $5,497 |
| Other student loans | 13 | 4% | $114,423 | $8,802 |
| Student loan aid | 58 | 18% | $422,275 | $7,281 |
| Total student aid | 318 | 99% | $3 million | $9,500 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
