Menlo College announced a 3.5% rise in tuition for the 2022-23 school year, based on the most recent data released, according to the latest disclosure from the National Center for Education Statistics.
This year, students paid $49,090 to attend the four-year private nonprofit college, an increase of $1,665 from the $47,425 charged during the 2021-22 academic year.
Approximately 49% of the undergraduate student body are California residents, while about 22% come from other U.S. states and 30% are international students.
Data indicates that all full-time undergraduates who began studies at Menlo College in 2022-23 received some form of financial aid. Specifically, 202 students were awarded grants or scholarships totaling $8.4 million, and 83 students obtained student loans amounting to more than $567,896.
Across the entire undergraduate population, 776 students benefited from grants or scholarships totaling $28.4 million. Additionally, 308 students borrowed $2 million 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 Menlo College 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 | 62 | 31% | $362,757 | $5,851 |
| State / local grant or scholarship | 48 | 24% | $347,094 | $7,231 |
| Institutional grants or scholarships | 202 | 100% | $7.7 million | $38,261 |
| Grant or scholarship aid total | 202 | 100% | $8.4 million | $41,775 |
| Federal student loans | 81 | 40% | $403,591 | $4,983 |
| Other student loans | 8 | 4% | $164,305 | $20,538 |
| Student loan aid | 83 | 41% | $567,896 | $6,842 |
| Total student aid | 202 | 100% | $9 million | $44,586 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
