Cost of college increased for all Bais Medrash Toras Chesed students in 2022-23 school year

The tuition fee for studying at Bais Medrash Toras Chesed rose by 8.3% during the 2022-23 academic year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students paid $7,800 to attend the four-year private nonprofit institution this year, an increase of $600 from the $7,200 charged in the 2021-22 academic year.

Approximately 9% of the school’s undergraduate students are residents of New Jersey, while about 91% come from other states.

Data indicates that 70% of full-time undergraduates who enrolled at Bais Medrash Toras Chesed in the 2022-23 academic year received some form of student financial aid. In total, 23 students were awarded grants or scholarships amounting to $142,972.

Across all undergraduate students, 77 received grants or scholarships totaling $492,756.

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 Bais Medrash Toras Chesed in the 2022-23 school year.

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.