Tuition rates for Arkansas residents attending Arkansas State University Three Rivers dropped by 2.9% during the 2022-23 school year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
For the 2022-23 academic year, in-state students paid $3,356 to attend the two-year public college, which is $102 less than the $3,458 charged in the 2021-22 school year.
Non-resident students faced tuition costs 72.2% higher than those for residents in 2022-23, amounting to $5,780. This represents a 1.7% decrease from the $5,882 charged in the previous year.
The entire undergraduate student body at the institution consists of Arkansas residents.
Data indicates that 92% of full-time undergraduates who began studies at Arkansas State University Three Rivers in 2022-23 received some form of financial aid. Among them, 82 students were awarded grants or scholarships totaling $886,210, while 18 students borrowed more than $101,419 in student loans.
Across all undergraduate students, 1,262 received grants or scholarships amounting to $3 million. Additionally, 200 students obtained federal student loans totaling $1.4 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 | 82 | 91% | $494,547 | $6,031 |
| State / local grant or scholarship | 67 | 74% | $215,111 | $3,211 |
| Institutional grants or scholarships | 61 | 68% | $176,552 | $2,894 |
| Grant or scholarship aid total | 82 | 91% | $886,210 | $10,807 |
| Federal student loans | 18 | 20% | $101,419 | $5,634 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 18 | 20% | $101,419 | $5,634 |
| Total student aid | 83 | 92% | $987,629 | $11,899 |
