According to the latest figures, tuition for the 2022-23 academic year at Shorter College rose by 11.6%, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private nonprofit institution paid $6,246 this year, which is $650 higher than the $5,596 charged during the 2021-22 academic year.
Approximately 96% of the undergraduate student body at Shorter College are residents of Arkansas, while around 2% come from other states.
All full-time undergraduates who began their studies at Shorter College in 2022-23 received some form of student financial aid. Specifically, 112 students were awarded grants or scholarships totaling $648,710, and 85 students obtained student loans exceeding $763,045.
Across the entire undergraduate population, 287 students benefited from grants or scholarships amounting to $2.1 million. Additionally, 209 students borrowed a combined total of $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.
The following data includes only full-time students who began an undergraduate program at the Shorter College 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 | 103 | 92% | $586,309 | $5,692 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 25 | 22% | $62,401 | $2,496 |
| Grant or scholarship aid total | 112 | 100% | $648,710 | $5,792 |
| Federal student loans | 85 | 76% | $763,045 | $8,977 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 85 | 76% | $763,045 | $8,977 |
| Total student aid | 112 | 100% | $1.4 million | $12,604 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
