Cost of education increases for all students at Oregon Institute of Technology in 2022-23 school year

"Nagi G. Naganathan, Ph.D., ASME Fellow President
"Nagi G. Naganathan, Ph.D., ASME Fellow President
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The Oregon Institute of Technology reported a 4.3% rise in in-state tuition fees for the 2022-23 school year, based on the latest available information, according to the latest disclosure from the National Center for Education Statistics.

Oregon residents paid $12,122 to attend the public four-year university this year, which is $500 higher than the $11,622 charged during the 2021-22 academic year.

Non-resident students faced tuition costs that were 180.1% higher than those for residents in 2022-23, amounting to $33,956. This represents a 4.4% increase from the $32,515 charged in 2021-22.

Approximately 68% of the undergraduate student body at the institution are Oregon residents, while about 30% come from other states and 1% are international students.

Data indicates that 96% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. Specifically, 396 students were awarded grants or scholarships totaling $3.6 million, and 179 students obtained loans exceeding $1.2 million.

Across the entire undergraduate population, 1,981 students benefited from grants or scholarships amounting to $17.8 million. Additionally, 1,232 students secured federal student loans totaling $9.2 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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the the Oregon Institute of Technology in the 2022-23 school year.

Type of AidNumber of students awarded aidPercent awarded aidTotal amount of aid awardedAverage amount of aid per student
Federal grants13632%$796,320$5,855
State / local grant or scholarship10124%$383,692$3,799
Institutional grants or scholarships38191%$2.4 million$6,276
Grant or scholarship aid total39694%$3.6 million$9,018
Federal student loans17642%$918,148$5,217
Other student loans256%$297,857$11,914
Student loan aid17943%$1.2 million$6,793
Total student aid40496%$4.8 million$11,849
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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