For the 2022-23 academic year, tuition at Paul Smiths College of Arts and Science rose by 3%, based on the latest reported figures, according to the latest disclosure from the National Center for Education Statistics.
Students paid $32,048 to attend the four-year private nonprofit institution this year, an increase of $933 from the $31,115 charged during the 2021-22 academic year.
Approximately 53% of the undergraduate student body at the college are residents of New York. Students from other states make up about 45%, while international students account for 1%.
Data indicates that all full-time undergraduates who enrolled at Paul Smiths College of Arts and Science in 2022-23 received some form of student financial aid. A total of 165 students were awarded grants or scholarships amounting to $4 million, and 132 students secured student loans exceeding $1.3 million.
Among all undergraduates, 664 students received grants or scholarships totaling $16 million. Additionally, 507 students obtained federal student loans amounting to $3.1 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 Paul Smiths College of Arts and Science 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 | 60 | 36% | $387,119 | $6,452 |
| State / local grant or scholarship | 51 | 31% | $140,536 | $2,756 |
| Institutional grants or scholarships | 165 | 100% | $3.5 million | $21,338 |
| Grant or scholarship aid total | 165 | 100% | $4 million | $24,536 |
| Federal student loans | 129 | 78% | $647,704 | $5,021 |
| Other student loans | 52 | 32% | $655,099 | $12,598 |
| Student loan aid | 132 | 80% | $1.3 million | $9,870 |
| Total student aid | 165 | 100% | $5.4 million | $32,432 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
