For the 2022-23 academic year, Freed-Hardeman University reported a 4.3% rise in tuition fees, based on the latest available information, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, not-for-profit university paid $24,300 for the year, an increase of $1,000 from the $23,300 charged during the 2021-22 academic year.
Approximately 57% of the undergraduate student body are residents of Tennessee, while about 40% come from other U.S. states and 3% are international students.
Data indicates that all full-time undergraduates who began studies at Freed-Hardeman University in 2022-23 received some form of student financial aid. Among them, 330 students were awarded grants or scholarships totaling $6.2 million, and 169 students borrowed more than $1.1 million in student loans.
Across the entire undergraduate population, 1,317 students received grants or scholarships amounting to $21.3 million. Additionally, 736 students took out federal student loans totaling $5.5 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.
The following data includes only full-time students who began an undergraduate program at the Freed-Hardeman University 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 | 97 | 29% | $560,316 | $5,776 |
| State / local grant or scholarship | 175 | 53% | $943,375 | $5,391 |
| Institutional grants or scholarships | 329 | 99% | $4.7 million | $14,284 |
| Grant or scholarship aid total | 330 | 100% | $6.2 million | $18,798 |
| Federal student loans | 168 | 51% | $876,201 | $5,215 |
| Other student loans | 19 | 6% | $234,102 | $12,321 |
| Student loan aid | 169 | 51% | $1.1 million | $6,570 |
| Total student aid | 330 | 100% | $7.3 million | $22,162 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
