The Webb Institute reported a 3% tuition increase for the 2022-23 academic year, as revealed 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 institution paid $58,150 this year, an increase of $1,695 from the $56,455 charged during the 2021-22 academic year.
Approximately 28% of the undergraduate students at the school are residents of New York, while the remaining 72% come from other states.
Data indicates that all full-time undergraduates who began studies at the Webb Institute in 2022-23 received some form of financial aid. Specifically, 25 students were awarded grants or scholarships totaling $1.4 million, and six students obtained student loans exceeding $29,000.
Among the entire undergraduate student body, 102 students received grants or scholarships amounting to $5.9 million. Additionally, 23 students borrowed $113,700 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 Webb 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 | 0 | 4% | $0 | $0 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 25 | 100% | $1.4 million | $56,612 |
| Grant or scholarship aid total | 25 | 100% | $1.4 million | $56,652 |
| Federal student loans | 6 | 24% | $29,000 | $4,833 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 6 | 24% | $29,000 | $4,833 |
| Total student aid | 25 | 100% | $1.4 million | $57,812 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
