Knox College reported a 3.3% tuition hike for the 2022-23 school year, as detailed in its most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit college paid $53,259 this year, which is $1,683 higher than the $51,576 charged during the 2021-22 academic year.
Approximately 36% of Knox College’s undergraduate students are Illinois residents. Meanwhile, about 40% come from other U.S. states, and 23% are international students.
Data indicates that every full-time undergraduate who began studies at Knox College in 2022-23 received some form of financial aid. A total of 247 students were awarded grants or scholarships amounting to $10 million, while 188 students borrowed over $1.1 million in student loans.
Across the entire undergraduate body, 1,051 students benefited from grants or scholarships totaling $40.4 million. Additionally, 763 students obtained $4.9 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 Knox 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 | 75 | 30% | $468,464 | $6,246 |
| State / local grant or scholarship | 39 | 16% | $261,600 | $6,708 |
| Institutional grants or scholarships | 247 | 100% | $9.3 million | $37,593 |
| Grant or scholarship aid total | 247 | 100% | $10 million | $40,548 |
| Federal student loans | 188 | 76% | $990,005 | $5,266 |
| Other student loans | 7 | 3% | $95,251 | $13,607 |
| Student loan aid | 188 | 76% | $1.1 million | $5,773 |
| Total student aid | 247 | 100% | $11.1 million | $44,942 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
