The latest report indicates that tuition at Gould’s Academy did not change for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $15,650 for both the 2021-22 and 2022-23 academic years.
Approximately 88% of the undergraduate student body at the school are residents of Tennessee, while about 12% come from other states.
Data reveals that 84% of full-time undergraduates who began their studies at Gould’s Academy in 2022-23 received some form of financial aid. Specifically, 50 students were awarded grants or scholarships totaling $267,062, and 54 students secured student loans exceeding $321,246.
Across the entire undergraduate population, 175 students benefited from grants or scholarships amounting to $893,212. Additionally, 182 students obtained federal student loans totaling $1.2 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.
The following data includes only full-time students who began an undergraduate program at the the Gould’s Academy 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 | 50 | 72% | $267,062 | $5,341 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 50 | 72% | $267,062 | $5,341 |
| Federal student loans | 54 | 78% | $321,246 | $5,949 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 54 | 78% | $321,246 | $5,949 |
| Total student aid | 58 | 84% | $588,308 | $10,143 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.