Tuition at Daemen University increased by 4.8% for the 2022-23 school year, according to the institution’s latest data release, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, not-for-profit four-year university paid $32,760 this year, which is $1,510 higher than the $31,250 charged during the 2021-22 academic year.
Approximately 92% of Daemen University’s undergraduate students are residents of New York. Residents of other states make up about 7%, while international students account for 1%.
Data indicates that all full-time undergraduates who began their studies at Daemen University in 2022-23 received some form of student financial aid. Specifically, 358 students were awarded grants or scholarships totaling $9 million, and 282 students borrowed over $2.4 million in student loans.
Among all undergraduates, 1,642 students benefited from grants or scholarships amounting to $33.1 million. Additionally, 1,092 students took out federal student loans totaling $7.6 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 Daemen 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 | 151 | 42% | $864,393 | $5,724 |
| State / local grant or scholarship | 160 | 45% | $549,178 | $3,432 |
| Institutional grants or scholarships | 358 | 100% | $7.6 million | $21,188 |
| Grant or scholarship aid total | 358 | 100% | $9 million | $25,136 |
| Federal student loans | 279 | 78% | $1.5 million | $5,459 |
| Other student loans | 65 | 18% | $831,520 | $12,793 |
| Student loan aid | 282 | 79% | $2.4 million | $8,350 |
| Total student aid | 358 | 100% | $11.4 million | $31,713 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
