Tuition fees at Northwest Technical Institute rose by 16.5% for the 2022-23 academic year, based on the latest information released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the public institution paid $5,184 this year, an increase of $734 from the $4,450 charged in the 2021-22 school year.
Approximately 98% of the undergraduate student body at the school are residents of Arkansas, with the remaining 2% coming from other states.
Data indicates that 69% of full-time undergraduates who began their studies at Northwest Technical Institute in 2022-23 received some form of student financial aid. In total, 125 students were awarded grants or scholarships amounting to $602,505, while 10 students borrowed over $39,675 in student loans.
Across all undergraduates, 125 students benefited from grants or scholarships totaling $625,869.
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 the Northwest Technical Institute 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 | 125 | 63% | $566,717 | $4,534 |
| State / local grant or scholarship | 8 | 4% | $6,680 | $835 |
| Institutional grants or scholarships | 27 | 14% | $29,108 | $1,078 |
| Grant or scholarship aid total | 125 | 63% | $602,505 | $4,820 |
| Federal student loans | 0 | 0% | $0 | $0 |
| Other student loans | 10 | 5% | $39,675 | $3,968 |
| Student loan aid | 10 | 5% | $39,675 | $3,968 |
| Total student aid | 135 | 69% | $642,180 | $4,756 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
