Cost increased for all University of Colorado Colorado Springs students during 2022-23 school year

Jennifer Sobanet, Chancellor at University of Colorado Colorado Springs
Jennifer Sobanet, Chancellor at University of Colorado Colorado Springs
0Comments

Tuition for in-state students at the University of Colorado Colorado Springs rose by 4.1% for the 2022-23 academic year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.

Colorado residents paid $9,129 to attend the public university this year, an increase of $363 from the $8,766 charged during the 2021-22 academic year.

Non-resident students paid 141.4% more than in-state students in 2022-23, totaling $22,041. This represents a 3.9% increase from $21,222 in the previous year.

Approximately 80% of the undergraduate student body are Colorado residents, while about 19% come from other states and 1% are international students.

Data indicates that 85% of full-time undergraduates who began studies at the university in 2022-23 received some form of financial aid. A total of 1,147 students were awarded grants or scholarships amounting to $7.7 million, and 665 students borrowed over $5.7 million in student loans.

Across all undergraduate students, 5,130 received grants or scholarships totaling $39.6 million. Additionally, 3,352 students took out federal student loans amounting to $22.5 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 University of Colorado 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 427 28% $2.2 million $5,085
State / local grant or scholarship 346 22% $1.9 million $5,445
Institutional grants or scholarships 975 63% $3.6 million $3,720
Grant or scholarship aid total 1,147 74% $7.7 million $6,698
Federal student loans 642 41% $3.2 million $5,000
Other student loans 132 9% $2.5 million $19,222
Student loan aid 665 43% $5.7 million $8,642
Total student aid 1,324 85% $13.4 million $10,142

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



Related

Susana Cordova Commissioner of education at Colorado Department of Education

Colorado: Cheyenne County schools truancy rate lower than state average in 2023-24 school year

Truancy is a persistent issue in many schools across the United States, with some students regularly skipping classes and falling behind in their studies.

Susana Cordova Commissioner of education at Colorado Department of Education

2023-24 School Year Attendance: Kit Carson County suffered truancy rate of 0.9%

Truancy is a persistent issue in many schools across the United States, with some students regularly skipping classes and falling behind in their studies.

Susana Cordova Commissioner of education at Colorado Department of Education

Truancy in Teller County schools was steady in 2023-24 school year

Truancy is a persistent issue in many schools across the United States, with some students regularly skipping classes and falling behind in their studies.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from Springs Times.