Tuition at Harvey Mudd College rose by 3.5% 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 paid $62,817 to attend the private, four-year nonprofit institution this year, an increase of $2,114 from the $60,703 charged during the 2021-22 academic year.
Approximately 43% of the undergraduate student body are California residents, another 43% come from other states, and 15% are international students.
Data indicates that 75% of full-time undergraduates who began their studies at Harvey Mudd College in 2022-23 received some form of financial aid. Among them, 162 students were awarded grants or scholarships totaling $6.8 million, while 80 students took out loans exceeding $488,960.
Across the entire undergraduate population, 599 students received grants or scholarships amounting to $25 million, and 321 students borrowed $2 million in federal student loans.
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 Harvey Mudd 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 | 41 | 17% | $305,880 | $7,460 |
| State / local grant or scholarship | 32 | 14% | $294,777 | $9,212 |
| Institutional grants or scholarships | 161 | 68% | $6.2 million | $38,600 |
| Grant or scholarship aid total | 162 | 68% | $6.8 million | $42,070 |
| Federal student loans | 80 | 34% | $395,960 | $4,950 |
| Other student loans | 7 | 3% | $93,000 | $13,286 |
| Student loan aid | 80 | 34% | $488,960 | $6,112 |
| Total student aid | 178 | 75% | $7.3 million | $41,035 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
