Southern Nazarene University reported a 5.9% tuition hike for the 2022-23 school year, as revealed in its most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, nonprofit university paid $28,600 this year, an increase of $1,600 from the $27,000 charged during the 2021-22 academic year.
Approximately 68% of the undergraduate student body are residents of Oklahoma, while about 30% come from other states.
Data indicates that all full-time undergraduates who began studies at Southern Nazarene University in 2022-23 received some form of student financial aid. A total of 256 students were awarded grants or scholarships amounting to $5.6 million, and 150 students obtained student loans exceeding $990,161.
Across the entire undergraduate population, 1,250 students benefited from grants or scholarships totaling $20.7 million. Additionally, 910 students secured federal student loans totaling $6.7 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 Southern Nazarene 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 | 127 | 49% | $805,109 | $6,339 |
| State / local grant or scholarship | 91 | 35% | $583,325 | $6,410 |
| Institutional grants or scholarships | 255 | 99% | $4.2 million | $16,649 |
| Grant or scholarship aid total | 256 | 100% | $5.6 million | $22,007 |
| Federal student loans | 150 | 58% | $804,818 | $5,365 |
| Other student loans | 15 | 6% | $185,343 | $12,356 |
| Student loan aid | 150 | 58% | $990,161 | $6,601 |
| Total student aid | 256 | 100% | $6.6 million | $25,875 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
