The University of Montevallo maintained its in-state tuition rates for the 2022-23 school year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Alabama residents paid $13,710 to attend the public four-year university during both the 2021-22 and 2022-23 academic years.
Non-resident students faced tuition fees that were 95% higher than those for residents, amounting to $26,730 in the 2022-23 academic year, unchanged from the previous year.
Approximately 80% of the undergraduate student body consists of Alabama residents, while about 16% come from other states and 4% are international students.
Data indicates that 99% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. Specifically, 529 students were awarded grants or scholarships totaling $6.2 million, and 299 students obtained student loans exceeding $1.9 million.
Across the entire undergraduate population, 1,933 students benefited from grants or scholarships totaling $24.6 million, while 1,131 students borrowed $7.1 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 University of Montevallo 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 | 203 | 38% | $1.2 million | $5,930 |
| State / local grant or scholarship | 26 | 5% | $44,305 | $1,704 |
| Institutional grants or scholarships | 521 | 96% | $5 million | $9,509 |
| Grant or scholarship aid total | 529 | 98% | $6.2 million | $11,724 |
| Federal student loans | 296 | 55% | $1.6 million | $5,268 |
| Other student loans | 30 | 6% | $322,289 | $10,743 |
| Student loan aid | 299 | 55% | $1.9 million | $6,293 |
| Total student aid | 534 | 99% | $8.1 million | $15,138 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
