The Universal Training Institute reported a 4% tuition increase for the 2022-23 academic year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $22,500 this year, which is $130 less than the $22,630 charged during the 2021-22 academic year.
Approximately 74% of the undergraduate students at the school are residents of New Jersey, while around 26% come from other states.
Data indicates that 79% of full-time undergraduates who began studies at the Universal Training Institute in 2022-23 received some form of financial aid. A total of 57 students were awarded grants or scholarships amounting to $191,899, and 69 students secured student loans exceeding $354,864.
Across the entire undergraduate population, 98 students received grants or scholarships totaling $356,474. Additionally, 129 students obtained federal student loans totaling $685,053.
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 Universal Training Institute 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 | 62% | $191,899 | $3,367 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 57 | 62% | $191,899 | $3,367 |
| Federal student loans | 69 | 75% | $354,864 | $5,143 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 69 | 75% | $354,864 | $5,143 |
| Total student aid | 73 | 79% | $546,763 | $7,489 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
