The cost of tuition for studies at Intellitec College-Colorado Springs rose by 3.4% during the 2022-23 school year, based on recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit college paid $39,403 this year, an increase of $1,302 from the $38,101 charged in the 2021-22 academic year.
All undergraduate students at the institution are residents of Colorado.
Data indicates that 80% of full-time undergraduates who began their studies at Intellitec College-Colorado Springs in 2022-23 received some form of student financial aid. A total of 339 students were awarded grants or scholarships amounting to $1.6 million, while 333 students took out loans exceeding $2.7 million.
Across the entire undergraduate population, 629 students received grants or scholarships totaling $2.9 million. Additionally, 584 students borrowed $3.7 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 Intellitec College-Colorado Springs 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 | 337 | 64% | $1.6 million | $4,646 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 6 | 1% | $10,113 | $1,686 |
| Grant or scholarship aid total | 339 | 64% | $1.6 million | $4,649 |
| Federal student loans | 325 | 62% | $2.1 million | $6,317 |
| Other student loans | 103 | 20% | $692,152 | $6,720 |
| Student loan aid | 333 | 63% | $2.7 million | $8,244 |
| Total student aid | 424 | 80% | $4.3 million | $10,191 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
