Cost of education increases for all students at Center for Instruction, Technology & Innovation in 2022-23 school year

John Shelmidine, Board of Education President - Center for Instruction, Technology & Innovation
John Shelmidine, Board of Education President - Center for Instruction, Technology & Innovation
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The Center for Instruction, Technology & Innovation reported a 0.7% tuition hike for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled this year paid $13,300 in tuition, an increase of $90 from the $13,210 charged during the 2021-22 academic year.

The entire undergraduate student body at the school consists of residents of New York.

Data indicates that 92% of full-time undergraduates who began studies at the Center for Instruction, Technology & Innovation in 2022-23 received some form of student financial aid. Specifically, 10 students were awarded grants or scholarships totaling $77,116, while eight students obtained student loans amounting to more than $41,938.

Across all undergraduates, 25 students received grants or scholarships totaling $219,945. Additionally, 21 students secured federal student loans totaling $146,004.

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 Center for Instruction, Technology & Innovation 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 8 67% $38,328 $4,791
State / local grant or scholarship 9 75% $38,788 $4,310
Institutional grants or scholarships 0 0% $0 $0
Grant or scholarship aid total 10 83% $77,116 $7,712
Federal student loans 8 67% $41,938 $5,242
Other student loans 0 0% $0 $0
Student loan aid 8 67% $41,938 $5,242
Total student aid 11 92% $119,054 $10,823

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



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