For the 2022-23 academic year, in-state tuition at the University of Maryland-College Park rose by 2.5%, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Maryland residents paid $11,233 to attend the four-year public university this year, an increase of $278 from the $10,955 charged during the 2021-22 academic year.
Non-resident students paid 251.4% more than in-state students in 2022-23, with tuition totaling $39,469. This represents a 2.2% increase from $38,636 in the previous year.
Approximately 72% of the undergraduate student body at the university are Maryland residents, while about 26% come from other states and 2% are international students.
Data indicates that 65% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. A total of 3,017 students were awarded grants or scholarships amounting to $36.6 million, and 1,362 students borrowed over $12.9 million in student loans.
Among all undergraduates, 14,997 students received grants or scholarships totaling $184.5 million. Additionally, 6,887 students took out federal student loans amounting to $43.4 million.
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 University of Maryland-College Park 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 | 960 | 17% | $5.6 million | $5,838 |
| State / local grant or scholarship | 1,196 | 21% | $8.1 million | $6,731 |
| Institutional grants or scholarships | 2,609 | 45% | $23 million | $8,807 |
| Grant or scholarship aid total | 3,017 | 52% | $36.6 million | $12,142 |
| Federal student loans | 1,288 | 22% | $6.6 million | $5,120 |
| Other student loans | 249 | 4% | $6.3 million | $25,222 |
| Student loan aid | 1,362 | 23% | $12.9 million | $9,453 |
| Total student aid | 3,801 | 65% | $49.5 million | $13,024 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
