Tuition rates for Arkansas residents attending Arkansas State University rose by 4.6% during the 2022-23 school year, based on the most recent figures, according to the latest disclosure from the National Center for Education Statistics.
Arkansas residents paid $7,456 to attend the public four-year university this year, an increase of $326 from the $7,130 charged in the 2021-22 academic year.
Non-resident students faced tuition fees 78.5% higher than those for residents in 2022-23, amounting to $13,312. This represents a 4.8% increase from the previous year’s $12,698.
Approximately 81% of the undergraduate student body at Arkansas State University are Arkansas residents. Students from other states make up about 12%, while international students account for 7%.
Data indicates that 96% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. A total of 1,173 students were awarded grants or scholarships totaling $12.6 million, and 564 students obtained loans exceeding $3.2 million.
Across the entire undergraduate population, 5,891 students received grants or scholarships amounting to $56.6 million. Additionally, 3,472 students secured federal student loans totaling $24 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 515 | 42% | $2.9 million | $5,593 |
| State / local grant or scholarship | 740 | 60% | $1.3 million | $1,802 |
| Institutional grants or scholarships | 1,083 | 87% | $8.4 million | $7,720 |
| Grant or scholarship aid total | 1,173 | 95% | $12.6 million | $10,720 |
| Federal student loans | 552 | 45% | $2.8 million | $5,115 |
| Other student loans | 43 | 3% | $393,761 | $9,157 |
| Student loan aid | 564 | 45% | $3.2 million | $5,705 |
| Total student aid | 1,194 | 96% | $15.8 million | $13,226 |
