According to the latest figures, tuition at Pima Medical Institute-Colorado Springs rose by 3.2% for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $16,355 this year, which is $510 higher than the $15,845 charged during the 2021-22 academic year.
Approximately 99% of the undergraduate students at the school are residents of Colorado, while about 1% come from other states.
Data indicates that 80% of full-time undergraduates who began studies at Pima Medical Institute-Colorado Springs in 2022-23 received some form of financial aid. In total, 133 students were awarded grants or scholarships amounting to $634,305, and 147 students obtained student loans exceeding $1.3 million.
Across all undergraduate students, 257 individuals received grants or scholarships totaling $1.2 million. Additionally, 246 students borrowed $1.9 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 Pima Medical Institute-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 | 132 | 59% | $585,571 | $4,436 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 7 | 3% | $48,734 | $6,962 |
| Grant or scholarship aid total | 133 | 60% | $634,305 | $4,769 |
| Federal student loans | 147 | 66% | $1.2 million | $8,088 |
| Other student loans | 6 | 3% | $68,857 | $11,476 |
| Student loan aid | 147 | 66% | $1.3 million | $8,556 |
| Total student aid | 178 | 80% | $1.9 million | $10,629 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
