The University of Arkansas at Monticello reported a 5% rise in in-state tuition fees for the 2022-23 school year, based on the latest figures, according to the latest disclosure from the National Center for Education Statistics.
Arkansas residents paid $8,431 to attend the public four-year institution this year, an increase of $402 from the $8,029 charged during the 2021-22 academic year.
Non-resident students faced tuition costs 69.4% higher than those for in-state students in 2022-23, amounting to $14,281. This represented a 2.9% increase from $13,879 in the previous year.
Approximately 84% of the undergraduate student body at the University of Arkansas at Monticello are Arkansas residents, while about 15% 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 student financial aid. Among them, 325 students were awarded grants or scholarships totaling $2.3 million, and 172 students obtained loans exceeding $971,898.
Across the entire undergraduate population, 1,631 students received grants or scholarships amounting to $14.4 million. Additionally, 974 students borrowed $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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 236 | 63% | $1.4 million | $6,016 |
| State / local grant or scholarship | 134 | 36% | $159,399 | $1,190 |
| Institutional grants or scholarships | 172 | 46% | $687,412 | $3,997 |
| Grant or scholarship aid total | 325 | 87% | $2.3 million | $6,974 |
| Federal student loans | 171 | 46% | $954,110 | $5,580 |
| Other student loans | 0 | 1% | $0 | $0 |
| Student loan aid | 172 | 46% | $971,898 | $5,651 |
| Total student aid | 359 | 96% | $3.2 million | $9,020 |
