Salem's tuition & fees has increased from $25,356 (2014) to $32,236 (2024), and the rate of tuition increase is 27.13% over the past 10 years. The graduate school tuition & fees has raised from $7,134 (year 2014) to $6,600 (year 2024).
Salem's tuition increase rate is higher than the North Carolina's average increase rate of 4.51%. Compare to all colleges in United States, it's increase rate is lower than the average increase rate of 28.12%.
Cost of Attendance (COA) Trends
The total cost of attendance (COA), including tuition & fees, books & supplies costs, and living costs, increased by 22.76% from 2014 ($42,660).
For the current academic year 2023-2024, Salem's COA is $52,368, which is increased by 6.24% from last year.
The following table and chart show changes to Salem's COA over the past 10 years.
Tuition & Fees Changes
The tuition & fees have increased 27.13% for the last 10 years , and the 2024 tuition & fees are $32,236. The following table and chart show the tuition & fees changes at Salem College over last the 10 years.
Books & Supplies Costs Changes
The cost of purchasing books & supplies which are required/recommended for courses $1,336, and it has increased 11.33% from the year 2014 to 2024.
| Year | Books & Supplies | Change by Year |
|---|
| 2014-15 | $1,200 | - |
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| 2015-16 | $1,240 | 3.33% |
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| 2016-17 | $1,250 | 0.81% |
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| 2017-18 | $1,260 | 0.80% |
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| 2018-19 | $1,260 | |
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| 2019-20 | $1,280 | 1.59% |
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| 2020-21 | $1,500 | 17.19% |
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| 2021-22 | - | - |
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| 2022-23 | $1,324 | - |
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| 2023-24 | $1,336 | 0.91% |
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Living Costs Changes
The living costs including room, board, and other living expenses have increased 7.38% when a student lives on-campus facilities and 421.65% when living-off campus from the year 2014 to 2024. The following table shows the changes in living costs at Salem College.
| Year | Living On Campus | Living Off Campus | Change by Year |
|---|
| 2014-15 | $16,104 | - | - |
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| 2015-16 | $16,234 | - | 0.81% |
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| 2016-17 | $16,009 | - | -1.39% |
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| 2017-18 | $16,254 | - | 1.53% |
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| 2018-19 | $16,500 | - | 1.51% |
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| 2019-20 | $16,650 | - | 0.91% |
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| 2020-21 | $16,650 | - | |
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| 2021-22 | - |
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| 2022-23 | $16,950 | - | - |
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| 2023-24 | $18,796 | $15,514 | 10.89% |
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Compare Tuition Change to Similar Colleges
The following table compares 2024 tuition and increase rate from last year between Salem College and similar schools.
| 2024 | 2023 | Increase Rate |
|---|
| Salem College | $32,752 | $31,016 | 5.60% |
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| Duke University | $65,805 | $62,688 | 4.97% |
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| Wake Forest University | $64,758 | $62,128 | 4.23% |
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| Elon University | $44,536 | $42,241 | 5.43% |
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| High Point University | $44,208 | $41,916 | 5.47% |
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| Campbell University | $40,410 | $39,230 | 3.01% |
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