Dr. Jim Rollins President | Northwest Technical Institute
Dr. Jim Rollins President | Northwest Technical Institute
Data shows that students paid $20,265 on average to attend higher education courses at the time, $647 more than the previous school year.
Among the four institutions in the county, the University of Arkansas stood out with the highest tuition fees, reaching an average of $20,416. Career Academy of Hair Design followed with an average of $18,195 per year. The Northwest Technical Institute students were offered the lowest annual tuition fees at $5,184.
At the time, a total of $30.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Washington County universities in the 2022-23 school year. Additionally, federal student loans reached $26.7 million.
Currently there are four higher education institutions in Washington County, including Career Academy of Hair Design, Northwest Technical Institute, and Paul Mitchell the School-Arkansas.
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.
Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
---|---|---|---|---|---|---|
Northwest Technical Institute | 125 | $602,505 | $4,820 | 10 | $39,675 | $3,968 |
Paul Mitchell the School-Arkansas | 44 | $279,362 | $6,349 | 49 | $388,829 | $7,935 |
University of Arkansas | 3,532 | $28,641,587 | $8,109 | 2,904 | $25,572,293 | $8,806 |
Career Academy of Hair Design | 162 | $672,776 | $4,153 | 122 | $719,960 | $5,901 |