The cost of tuition at Rensselaer Polytechnic Institute rose by 2.6% for the 2022-23 school year, 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 institution paid $60,074 for the academic year, representing a $1,548 increase from the $58,526 charged in 2021-22.
Approximately 36% of the undergraduate student body are residents of New York state. Meanwhile, around 58% come from other states, and international students make up about 6%.
Data indicates that 96% of full-time undergraduates who began studies at Rensselaer Polytechnic Institute in 2022-23 received some form of student financial aid. In total, 1,921 students were awarded grants or scholarships amounting to $84.5 million, while 1,160 students obtained student loans exceeding $10.3 million.
Across the entire undergraduate population, 5,222 students benefited from grants or scholarships totaling $206.5 million. Additionally, 2,954 students borrowed $17.9 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 the Rensselaer Polytechnic 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 | 387 | 19% | $2.9 million | $7,451 |
| State / local grant or scholarship | 355 | 18% | $1.1 million | $3,068 |
| Institutional grants or scholarships | 1,921 | 96% | $80.5 million | $41,926 |
| Grant or scholarship aid total | 1,921 | 96% | $84.5 million | $43,994 |
| Federal student loans | 1,149 | 57% | $5.9 million | $5,174 |
| Other student loans | 179 | 9% | $4.3 million | $24,073 |
| Student loan aid | 1,160 | 58% | $10.3 million | $8,839 |
| Total student aid | 1,921 | 96% | $94.8 million | $49,331 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
