For the 2022-23 school year, tuition at Lyon College rose by 1.9%, based on the most recent figures released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit institution paid $31,000 this year, which is $586 higher than the $30,414 charged during the 2021-22 academic year.
Arkansas residents make up approximately 55% of the college’s undergraduate population, while about 42% come from other states.
Data indicates that all full-time undergraduates who began their studies at Lyon College in 2022-23 received some form of student financial aid. A total of 144 students were awarded grants or scholarships amounting to $3.2 million, and 110 students secured student loans exceeding $999,718.
Across all undergraduates, 485 students benefited from grants or scholarships totaling $12.1 million. Additionally, 303 students borrowed $2.7 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 Lyon 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 | 63 | 44% | $386,320 | $6,132 |
| State / local grant or scholarship | 71 | 49% | $120,000 | $1,690 |
| Institutional grants or scholarships | 144 | 100% | $2.7 million | $18,548 |
| Grant or scholarship aid total | 144 | 100% | $3.2 million | $22,064 |
| Federal student loans | 109 | 76% | $841,022 | $7,716 |
| Other student loans | 15 | 10% | $158,696 | $10,580 |
| Student loan aid | 110 | 76% | $999,718 | $9,088 |
| Total student aid | 144 | 100% | $4.2 million | $29,006 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
