For the 2022-23 school year, tuition at Embry-Riddle Aeronautical University-Daytona Beach rose by 3.8%, based on the most recent data released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private, not-for-profit university paid $40,564 this year, marking an increase of $1,498 from the $39,066 charged in the 2021-22 academic year.
Approximately 29% of the undergraduate student body are Florida residents, while about 64% come from other U.S. states, and 5% are international students.
Data indicates that 98% of full-time undergraduates who began studies at Embry-Riddle Aeronautical University-Daytona Beach in 2022-23 received some form of financial aid. In total, 1,791 students were awarded grants or scholarships amounting to $33 million, and 1,005 students obtained loans exceeding $17.8 million.
Among all undergraduate students, 6,459 utilized grants or scholarships totaling $145.9 million. Additionally, 2,929 students borrowed $18.2 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 | 376 | 21% | $2.3 million | $6,133 |
| State / local grant or scholarship | 519 | 28% | $2.8 million | $5,388 |
| Institutional grants or scholarships | 1,783 | 98% | $27.9 million | $15,643 |
| Grant or scholarship aid total | 1,791 | 98% | $33 million | $18,422 |
| Federal student loans | 923 | 51% | $5 million | $5,402 |
| Other student loans | 385 | 21% | $12.8 million | $33,225 |
| Student loan aid | 1,005 | 55% | $17.8 million | $17,690 |
| Total student aid | 1,794 | 98% | $50.8 million | $28,300 |
