For the 2022-23 academic year, Simpson College raised its tuition by 2.4%, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, not-for-profit institution paid $45,108 for the year, an increase of $1,078 from the $44,030 charged during the 2021-22 school year.
Approximately 67% of the undergraduate student body at Simpson College are residents of Iowa, while around 32% come from other states.
Data indicates that every full-time undergraduate who began studies at Simpson College in 2022-23 received some form of student financial aid. A total of 300 students were awarded grants or scholarships amounting to $10.6 million, and 220 students obtained student loans exceeding $1.7 million.
Across the entire undergraduate population, 1,096 students benefited from grants or scholarships totaling $37.3 million. Additionally, 794 students secured federal student loans amounting to $5 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 94 | 31% | $547,400 | $5,823 |
| State / local grant or scholarship | 104 | 35% | $800,130 | $7,694 |
| Institutional grants or scholarships | 300 | 100% | $9.2 million | $30,748 |
| Grant or scholarship aid total | 300 | 100% | $10.6 million | $35,240 |
| Federal student loans | 214 | 71% | $1.1 million | $5,208 |
| Other student loans | 52 | 17% | $616,036 | $11,847 |
| Student loan aid | 220 | 73% | $1.7 million | $7,866 |
| Total student aid | 300 | 100% | $12.3 million | $41,008 |
