The Institute of American Indian and Alaska Native Culture and Arts Development saw a 4.5% tuition increase for the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year public institution paid $5,561 this year, which is $240 higher than the $5,321 tuition charged during the 2021-22 academic year.
Approximately 54% of the undergraduate students at the school are residents of New Mexico, while about 46% come from other states.
Data indicates that 98% of full-time undergraduates who began their studies at the institute in 2022-23 received some form of student financial aid. A total of 49 students were awarded grants or scholarships amounting to $442,173.
Among all undergraduates, 272 students benefited from grants or scholarships totaling $3.4 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 | 30 | 60% | $160,509 | $5,350 |
| State / local grant or scholarship | 28 | 56% | $147,704 | $5,275 |
| Institutional grants or scholarships | 47 | 94% | $133,960 | $2,850 |
| Grant or scholarship aid total | 49 | 98% | $442,173 | $9,024 |
| Federal student loans | 0 | 0% | $0 | $0 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 0 | 0% | $0 | $0 |
| Total student aid | 49 | 98% | $442,173 | $9,023 |
