Frank Longaker, President, Chief Executive Officer | American National University
Frank Longaker, President, Chief Executive Officer | American National University
Data shows that students paid $26,968 on average to attend higher education courses at the time, less than the $8,343 charged for the previous school year.
Among the two institutions in the county, Roanoke College stood out with the highest tuition fees, reaching an average of $35,350. American National University followed with an average of $10,856 per year.
At the time, a total of $13.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Salem city universities in the 2022-23 school year. Additionally, federal student loans reached $3.9 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.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| American National University | 17 | $69,304 | $4,077 | 16 | $52,995 | $3,312 |
| Roanoke College | 500 | $13,170,516 | $26,341 | 466 | $3,867,595 | $8,300 |
Alerts Sign-up