The tuition fee at Franciscan Missionaries of Our Lady University rose by 0.5% for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private, not-for-profit institution paid $15,012 this year, an increase of $398 from the $14,614 charged during the 2021-22 academic year.
Approximately 99% of the university’s undergraduate students are residents of Louisiana, while about 1% come from other states.
Data indicates that 97% of full-time undergraduates who began their studies at Franciscan Missionaries of Our Lady University in 2022-23 received some form of student financial aid. Among them, 64 students were awarded grants or scholarships totaling $732,982, and 33 students obtained student loans amounting to over $225,651.
Across all undergraduate students, 769 received grants or scholarships totaling $5.5 million, while 429 students secured federal student loans totaling $3.2 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 34 | 48% | $152,490 | $4,485 |
| State / local grant or scholarship | 63 | 89% | $336,185 | $5,336 |
| Institutional grants or scholarships | 35 | 49% | $244,307 | $6,980 |
| Grant or scholarship aid total | 64 | 90% | $732,982 | $11,453 |
| Federal student loans | 33 | 46% | $154,123 | $4,670 |
| Other student loans | 0 | 4% | $0 | $0 |
| Student loan aid | 33 | 46% | $225,651 | $6,838 |
| Total student aid | 69 | 97% | $958,633 | $13,893 |
