Tuition at the University of Pikeville rose by 2.2% for the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.
Students paid $23,150 to attend the private four-year, not-for-profit university this year, which is $500 higher than the $22,650 charged during the 2021-22 academic year.
Approximately 73% of the undergraduate student body are residents of Kentucky, while about 24% come from other states and 3% are international students.
Data indicates that all full-time undergraduates who began studies at the University of Pikeville in 2022-23 received some form of financial aid. Specifically, 328 students were awarded grants or scholarships totaling $6.4 million, and 296 students obtained student loans exceeding $1.7 million.
Across the entire undergraduate population, 1,094 students received grants or scholarships amounting to $21 million, and 995 students borrowed $8 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 196 | 60% | $1.1 million | $5,384 |
| State / local grant or scholarship | 234 | 71% | $1.8 million | $7,595 |
| Institutional grants or scholarships | 327 | 99% | $3.5 million | $10,793 |
| Grant or scholarship aid total | 328 | 100% | $6.4 million | $19,395 |
| Federal student loans | 295 | 90% | $1.6 million | $5,350 |
| Other student loans | 18 | 5% | $133,518 | $7,418 |
| Student loan aid | 296 | 90% | $1.7 million | $5,783 |
| Total student aid | 328 | 100% | $8.1 million | $24,613 |
