The University of the Ozarks reported a 4% tuition increase for the 2022-23 school year, as revealed in the most recent financial disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, four-year not-for-profit university paid $25,950 this year, which is $1,000 higher than the $24,950 tuition charged during the 2021-22 academic year.
Arkansas residents make up approximately 38% of the undergraduate student body, while students from other states account for about 39%, and international students represent 23%.
Data indicates that all full-time undergraduates who began their studies at the University of the Ozarks in 2022-23 received some form of financial aid. A total of 229 students were awarded grants or scholarships amounting to $4.4 million, and 143 students obtained student loans exceeding $864,864.
Across the entire undergraduate population, 767 students benefited from grants or scholarships totaling $14.1 million. Additionally, 341 students secured federal student loans amounting to $1.9 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.
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 University of the Ozarks 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 | 90 | 39% | $542,295 | $6,026 |
| State / local grant or scholarship | 46 | 20% | $96,120 | $2,090 |
| Institutional grants or scholarships | 229 | 100% | $3.8 million | $16,393 |
| Grant or scholarship aid total | 229 | 100% | $4.4 million | $19,181 |
| Federal student loans | 113 | 49% | $549,996 | $4,867 |
| Other student loans | 87 | 38% | $314,868 | $3,619 |
| Student loan aid | 143 | 62% | $864,864 | $6,048 |
| Total student aid | 229 | 100% | $5.3 million | $22,957 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
