Tuition at ITI Technical College rose by 5% for the 2022-23 academic year, as revealed in the latest data release, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit college paid $11,711 this year, an increase of $555 from the $11,156 charged during the 2021-22 school year.
Approximately 99% of the undergraduate students at the college are residents of Louisiana, while about 1% come from other states.
Statistics indicate that 95% of full-time undergraduates who began studies at ITI Technical College in 2022-23 received some form of student financial aid. A total of 104 students were awarded grants or scholarships amounting to $501,430, and 118 students secured student loans exceeding $1.1 million.
Across the entire undergraduate body, 345 students received grants or scholarships totaling $1.4 million. Additionally, 372 students borrowed $2.2 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 | 85 | 66% | $442,897 | $5,211 |
| State / local grant or scholarship | 25 | 20% | $58,533 | $2,341 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 104 | 81% | $501,430 | $4,821 |
| Federal student loans | 109 | 85% | $899,641 | $8,254 |
| Other student loans | 62 | 48% | $158,613 | $2,558 |
| Student loan aid | 118 | 92% | $1.1 million | $8,968 |
| Total student aid | 122 | 95% | $1.6 million | $12,784 |
