For the 2022-23 school year, Harding University reported a 4.1% tuition increase, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $23,668 to attend the private, not-for-profit four-year institution this year, an increase of $918 from the $22,750 charged during the 2021-22 academic year.
Arkansas residents make up approximately 28% of the undergraduate student body, while about 68% come from other U.S. states, and 4% are international students.
Data indicates that all full-time undergraduates who began studies at Harding University in 2022-23 received some form of financial aid. Specifically, 785 students were awarded grants or scholarships totaling $12 million, and 365 students borrowed more than $2.6 million in student loans.
Across the entire undergraduate population, 2,970 students received grants or scholarships amounting to $43.9 million. Additionally, 1,392 students obtained $9 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 170 | 21% | $797,281 | $4,690 |
| State / local grant or scholarship | 182 | 23% | $447,500 | $2,459 |
| Institutional grants or scholarships | 785 | 98% | $10.8 million | $13,739 |
| Grant or scholarship aid total | 785 | 98% | $12 million | $15,325 |
| Federal student loans | 353 | 44% | $1.9 million | $5,295 |
| Other student loans | 58 | 7% | $759,841 | $13,101 |
| Student loan aid | 365 | 46% | $2.6 million | $7,203 |
| Total student aid | 799 | 100% | $14.7 million | $18,346 |
