According to recent disclosures, in-state tuition at North Arkansas College dropped by 11.3% for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Arkansas residents paid $3,408 to attend the two-year public institution during the 2022-23 academic year, which is $336 more than the $3,072 charged in the 2021-22 school year.
Non-resident students were charged 50.7% more than residents in 2022-23, paying $5,136. This represents an 8.1% increase from the $4,752 tuition fee in the 2021-22 school year.
Approximately 88% of the undergraduate student body at North Arkansas College are Arkansas residents, with about 11% coming from other states and 1% being international students.
Data indicates that 88% of full-time undergraduates who began studies at North Arkansas College in 2022-23 received some form of student financial aid. A total of 259 students were awarded grants or scholarships amounting to $1.3 million, while 29 students obtained student loans exceeding $117,991.
Across all undergraduate students, 904 received grants or scholarships totaling $4.5 million. Additionally, 165 students borrowed $908,805 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 North Arkansas College 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 | 187 | 61% | $1 million | $5,485 |
| State / local grant or scholarship | 119 | 39% | $111,096 | $934 |
| Institutional grants or scholarships | 86 | 28% | $152,990 | $1,779 |
| Grant or scholarship aid total | 259 | 85% | $1.3 million | $4,980 |
| Federal student loans | 29 | 9% | $117,991 | $4,069 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 29 | 9% | $117,991 | $4,069 |
| Total student aid | 270 | 88% | $1.4 million | $5,214 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
