The Latin American Bible Institute experienced a 9.1% tuition hike for the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year nonprofit institution paid $10,520 this year, an increase of $880 from the $9,640 tuition charged during the 2021-22 academic year.
Approximately 88% of the undergraduate student body at the school are residents of California, while about 13% come from other states.
Data indicates that every full-time undergraduate who began studies at the Latin American Bible Institute in 2022-23 received some form of student financial aid. In total, five students were awarded grants or scholarships amounting to $28,200.
Among all undergraduates, 30 students benefited from grants or scholarships totaling $134,714. Additionally, 16 students secured federal student loans totaling $49,846.
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 the Latin American Bible Institute 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 | 5 | 100% | $25,970 | $5,194 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 40% | $0 | $0 |
| Grant or scholarship aid total | 5 | 100% | $28,200 | $5,640 |
| Federal student loans | 0 | 60% | $0 | $0 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 0 | 60% | $0 | $0 |
| Total student aid | 5 | 100% | $28,200 | $5,640 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
