According to the latest figures, in-state tuition at Ozarka College rose by 23.8% during the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Arkansas residents paid $3,720 to attend the two-year public college this year, an increase of $644 from the $3,076 charged in the 2021-22 academic year.
Non-resident students paid 80.7% more than in-state students in 2022-23, amounting to $6,723. This represents a 22.8% rise from the $5,476 tuition fee for non-residents in the previous year.
Approximately 97% of the undergraduate student body at Ozarka College are Arkansas residents, while about 3% come from other states.
Data indicates that 94% of full-time undergraduates who enrolled at Ozarka College in 2022-23 received some form of student financial aid. A total of 114 students were awarded grants or scholarships amounting to $778,947, and 20 students borrowed over $94,732 in student loans.
Across all undergraduates, 556 students received grants or scholarships totaling $4.1 million. Additionally, 132 students obtained $646,943 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 Ozarka 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 | 103 | 85% | $534,341 | $5,188 |
| State / local grant or scholarship | 42 | 35% | $171,102 | $4,074 |
| Institutional grants or scholarships | 38 | 31% | $73,504 | $1,934 |
| Grant or scholarship aid total | 114 | 94% | $778,947 | $6,833 |
| Federal student loans | 20 | 17% | $94,732 | $4,737 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 20 | 17% | $94,732 | $4,737 |
| Total student aid | 114 | 94% | $873,679 | $7,663 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
