Tuition at Rocky Mountain College rose by 2.9% for the 2022-23 school year, based on the most recent figures released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $32,252 this year, which is $917 higher than the $31,335 charged during the 2021-22 academic year.
Montana residents make up approximately 49% of the undergraduate student body. Students from other states account for about 47%, while international students represent 3%.
Data indicates that all full-time undergraduates who began their studies at Rocky Mountain College in 2022-23 received some form of financial aid. A total of 260 students were awarded grants or scholarships amounting to $6.6 million, and 164 students obtained student loans exceeding $1.4 million.
Among all undergraduates, 816 students benefited from grants or scholarships totaling $19.9 million. Additionally, 476 students secured federal student loans totaling $2.9 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.
The following data includes only full-time students who began an undergraduate program at the Rocky Mountain 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 | 95 | 37% | $599,469 | $6,310 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 260 | 100% | $6 million | $23,265 |
| Grant or scholarship aid total | 260 | 100% | $6.6 million | $25,571 |
| Federal student loans | 164 | 63% | $850,075 | $5,183 |
| Other student loans | 26 | 10% | $504,096 | $19,388 |
| Student loan aid | 164 | 63% | $1.4 million | $8,257 |
| Total student aid | 260 | 100% | $8 million | $30,779 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
