For the 2022-23 school year, tuition at Gwynedd Mercy University rose by 2.2%, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled in the four-year private nonprofit institution paid $37,052 this year, which is $808 higher than the $36,244 charged during the 2021-22 academic year.
Approximately 80% of the university’s undergraduate students are Pennsylvania residents, while about 20% come from other states.
Data indicates that all full-time undergraduates who began studies at Gwynedd Mercy University in 2022-23 received some form of student financial aid. Specifically, 143 students were awarded grants or scholarships totaling $3.7 million, and 107 students borrowed more than $1 million in student loans.
Across the entire undergraduate population, 1,073 students received grants or scholarships amounting to $24.7 million. Additionally, 892 students took out federal student loans totaling $7.2 million.
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 Gwynedd Mercy University 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 | 55 | 38% | $340,271 | $6,187 |
| State / local grant or scholarship | 56 | 39% | $276,101 | $4,930 |
| Institutional grants or scholarships | 143 | 100% | $3.1 million | $21,685 |
| Grant or scholarship aid total | 143 | 100% | $3.7 million | $25,995 |
| Federal student loans | 103 | 72% | $566,000 | $5,495 |
| Other student loans | 34 | 24% | $478,397 | $14,071 |
| Student loan aid | 107 | 75% | $1 million | $9,761 |
| Total student aid | 143 | 100% | $4.8 million | $33,298 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
