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Saturday, December 21, 2024

Average cost of college went up for students in Arkansas in 2022-23 school year

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Average tuition fees rose 3.3% for college students in Arkansas in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $11,357 on average to attend higher education courses at the time, $365 more than the previous school year.

Among the 70 institutions providing full disclosure in the state, Hendrix College stood out with the highest tuition fees, reaching an average of $35,100. Ouachita Baptist University followed with an average of $31,180 per year. Arkansas State University-Newport students were offered the lowest annual tuition fees at $2,967.

Currently there are 72 higher education institutions in Arkansas.

At the time, at least $184.1 million in grants or scholarships were awarded to full-time undergraduates who started college in Arkansas. Additionally, federal student loans reached more than $68.7 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.

Of the 72 institutions in Arkansas, two did not provide detailed data on tuition fees, including Jefferson Regional School of Nursing and University of Arkansas for Medical Sciences.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Average Tuition Fees in Arkansas Universities in 2022-23 School Year

InstitutionAverage Tuition FeesTotal Enrollment
Hendrix College$35,1001,132
Ouachita Baptist University$31,1801,730
Lyon College$31,000496
John Brown University$29,7201,801
University of the Ozarks$25,950784
Harding University$23,1483,523
University of Arkansas$20,41626,269
Arkansas Beauty School-Little Rock$19,45598
Williams Baptist University$19,450562
University of Aesthetics & Cosmetology$18,32527
Career Academy of Hair Design$18,195230
Northern Technical College$17,99530
Central Baptist College$17,700564
Academy of Salon and Spa$17,38567
Paul Mitchell the School-Little Rock$17,070358
New Beginnings Beauty Academy$17,00031
Washington Barber College Inc$17,00056
Ecclesia College$16,850157
Designer Barber & Stylist School$16,32588
Velvatex College of Beauty Culture$16,23014
Paul Mitchell the School-Arkansas$16,075109
Arthur's Beauty College$15,75076
Arthur's Beauty College$15,75057
Hot Springs Beauty College$15,75090
Arthur's Beauty College$15,75037
GoodFellas Barber College$15,67562
Crowley's Ridge College$15,000201
Arkansas Beauty College$15,00029
Arkansas Welding Academy$13,71369
Strayer University-Arkansas$13,515275
Philander Smith University$13,014769
Baptist Health College Little Rock$12,938549
University of Arkansas at Pine Bluff$11,4772,182
Southern Arkansas University Main Campus$11,2713,148
University of Central Arkansas$10,3457,994
River Valley School of Massage$9,8008
University of Arkansas at Little Rock$9,4255,825
University of Arkansas at Monticello$9,3172,270
Arkansas Baptist College$8,760497
Arkansas Tech University$8,3658,722
University of Arkansas Grantham$8,2804,598
Arkansas State University$8,2128,201
Henderson State University$7,9801,807
Champion Christian College$7,75582
University of Arkansas-Fort Smith$7,0495,335
Shorter College$6,246321
Academy of Professional Cosmetology$6,125135
University of Arkansas-Pulaski Technical College$5,8204,245
National Park College$5,7632,340
Northwest Technical Institute$5,184201
Southern Arkansas University Tech$4,519943
Black River Technical College$4,5131,566
NorthWest Arkansas Community College$4,4827,593
Southeast Arkansas College$4,380898
Cossatot Community College of the University of Arkansas$4,0261,278
Ozarka College$3,810983
South Arkansas College$3,8101,162
University of Arkansas Community College Rich Mountain$3,764679
University of Arkansas Hope-Texarkana$3,6561,188
North Arkansas College$3,6001,856
University of Arkansas Community College-Morrilton$3,5821,888
Phillips Community College of the University of Arkansas$3,5001,234
Arkansas State University Mid-South$3,416979
Arkansas State University Three Rivers$3,3561,832
East Arkansas Community College$3,2101,179
Arkansas State University-Mountain Home$3,1851,247
University of Arkansas Community College-Batesville$3,1261,008
Arkansas Northeastern College$3,0741,502
Arkansas State University-Beebe$3,0582,928
Arkansas State University-Newport$2,9671,592

ORGANIZATIONS IN THIS STORY

Champion Christian CollegeNorth Arkansas CollegeArkansas State University-NewportGrantham UniversityUniversity of Arkansas Community College-HopeArkansas Tech UniversitySouth Arkansas Community CollegeJohn Brown UniversitySouthern Arkansas University TechBaptist Health College-Little RockProfessional Cosmetology Education CenterArthur's Beauty College-JonesboroArkansas Beauty CollegeUniversity of Arkansas at MonticelloUniversity of ArkansasShorter CollegeUniversity of Arkansas for Medical SciencesPhilander Smith CollegeArthur's Beauty College Inc-JacksonvilleCentral Baptist CollegeWilliams Baptist UniversityGoodFellas Barber CollegeCareer Academy of Hair DesignUniversity of Central ArkansasStrayer University-ArkansasSouthern Arkansas University Main CampusNorthwest Arkansas Community CollegeArkansas State University Mid-SouthOuachita Baptist UniversityUniversity of Arkansas-Pulaski Technical CollegeUniversity of Arkansas Community College Rich MountainArkansas Northeastern CollegeArkansas State UniversityUniversity of the OzarksBlack River Technical CollegeHendrix CollegeHenderson State UniversityEcclesia CollegePhillips Community College of the University of ArkansasCollege of the OuachitasUniversity of Arkansas at Little RockDesigner Barber & Stylist SchoolNorthern Technical CollegeWashington Barber College IncUniversity of Arkansas Community College MorriltonVelvatex College of Beauty CultureAcademy of Salon and SpaArkansas State University-Mountain HomeRiver Valley School of MassageArkansas Beauty School-Little RockSoutheast Arkansas CollegeJefferson Regional Medical Center School of NursingImagine-Paul Mitchell Partner SchoolCossatot Community College of the University of ArkansasNational Park CollegeUniversity Of Arkansas-Fort SmithArkansas Baptist CollegePaul Mitchell The School-ArkansasArkansas Welding AcademyHarding UniversityAcademy Of Professional CosmetologyArkansas State University-BeebeArthur's Beauty School Inc-ConwayEast Arkansas Community CollegeNorthwest Technical InstituteNew Beginnings Beauty AcademyUniversity Of Arkansas At Pine BluffUniversity Of Arkansas Community College-BatesvilleOzarka CollegeHot Springs Beauty College

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