Cost of college increased for all Reid State Technical College students in 2022-23 school year

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Tuition for Alabama residents attending Reid State Technical College rose by 1.2% during the 2022-23 school year, based on the most recent figures, according to the latest disclosure from the National Center for Education Statistics.

Alabama residents paid $4,950 to attend the two-year public college this year, a decrease of $2,385 from the $7,335 charged in the 2021-22 academic year.

Non-resident tuition for the 2022-23 year was $8,700, which is 75.8% higher than the in-state rate. This amount reflects a 32.4% reduction from the $12,870 charged in the previous year.

Approximately 98% of the undergraduate students at Reid State Technical College are residents of Alabama.

Data indicates that 96% of full-time undergraduates who enrolled in the 2022-23 academic year received some form of student financial aid. A total of 72 students were awarded grants or scholarships amounting to $645,021.

Across all undergraduate students, 265 individuals benefited from grants or scholarships totaling $1.8 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 Reid State Technical 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 57 76% $454,726 $7,978
State / local grant or scholarship 9 12% $3,463 $385
Institutional grants or scholarships 46 61% $186,832 $4,062
Grant or scholarship aid total 72 96% $645,021 $8,959
Federal student loans 0 0% $0 $0
Other student loans 0 0% $0 $0
Student loan aid 0 0% $0 $0
Total student aid 72 96% $645,021 $8,958

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



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