For the 2022-23 school year, tuition at Carrington College-Sacramento rose by 2.2%, as indicated in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private for-profit institution paid $19,319 this year, which is $409 higher than the $18,910 charged during the 2021-22 academic year.
Approximately 67% of the undergraduate student body at the college are residents of California, while the remaining 33% come from other states.
Data reveals that 84% of full-time undergraduates who began studies at Carrington College-Sacramento in 2022-23 received some form of student financial aid. In total, 571 students were awarded grants or scholarships amounting to $2.4 million, and 607 students obtained student loans exceeding $4.4 million.
Across the entire undergraduate population, 2,092 students benefited from grants or scholarships totaling $8.1 million. Additionally, 2,325 students borrowed $14.7 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 565 | 68% | $2.3 million | $4,135 |
| State / local grant or scholarship | 16 | 2% | $78,683 | $4,918 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 571 | 69% | $2.4 million | $4,229 |
| Federal student loans | 602 | 73% | $4.2 million | $6,974 |
| Other student loans | 21 | 3% | $216,592 | $10,314 |
| Student loan aid | 607 | 74% | $4.4 million | $7,273 |
| Total student aid | 697 | 84% | $6.8 million | $9,798 |
