The Universal Technical Institute of Arizona Inc raised tuition by 2.6% for the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $40,050 this year, which is $1,000 higher than the $39,050 charged during the 2021-22 academic year.
Approximately 48% of the undergraduate students at the school are Arizona residents, while the remaining 52% come from other states.
Data indicates that 93% of full-time undergraduates who began studies at the Universal Technical Institute of Arizona Inc in 2022-23 received some form of student financial aid. A total of 628 students were awarded grants or scholarships amounting to $3.8 million, and 695 students obtained student loans totaling more than $6.3 million.
Across all undergraduates, 1,896 students benefited from grants or scholarships totaling $8.8 million. Additionally, 1,582 students borrowed $9.8 million 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 the Universal Technical Institute of Arizona Inc 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 | 532 | 60% | $3 million | $5,643 |
| State / local grant or scholarship | 8 | 1% | $58,074 | $7,259 |
| Institutional grants or scholarships | 309 | 35% | $737,111 | $2,385 |
| Grant or scholarship aid total | 628 | 70% | $3.8 million | $6,047 |
| Federal student loans | 693 | 78% | $4.5 million | $6,483 |
| Other student loans | 192 | 22% | $1.8 million | $9,216 |
| Student loan aid | 695 | 78% | $6.3 million | $9,010 |
| Total student aid | 828 | 93% | $10.1 million | $12,149 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
