Tuition at Arkansas Technical School rose by 1.8% for the 2022-23 school year, based on the most recent data released, according to the latest disclosure from the National Center for Education Statistics.
Students paid $19,500 to attend the private for-profit institution this year, an increase of $450 from the $19,050 charged during the 2021-22 academic year.
All undergraduate students enrolled at the school are residents of Arkansas.
Data indicates that every full-time undergraduate who began studies at Arkansas Technical School in 2022-23 received some form of financial aid. Specifically, 10 students were awarded grants or scholarships totaling $57,102, while 11 students obtained student loans exceeding $104,999.
Among all undergraduate students, 66 received grants or scholarships amounting to $325,026. Additionally, 57 students borrowed a total of $435,890 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 Arkansas Technical School 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 | 10 | 91% | $57,102 | $5,710 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 10 | 91% | $57,102 | $5,710 |
| Federal student loans | 11 | 100% | $104,999 | $9,545 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 11 | 100% | $104,999 | $9,545 |
| Total student aid | 11 | 100% | $162,101 | $14,736 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
