The Garden State Science and Technology Institute reported a 4.2% tuition hike for the 2022-23 school year, based on the latest data released, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $15,471 this year, which is $621 higher than the $14,850 tuition charged during the 2021-22 academic year.
Approximately 38% of the undergraduate students at the school are residents of New Jersey, while about 61% come from other states.
Data indicates that 96% of full-time undergraduates who began their studies at the Garden State Science and Technology Institute in 2022-23 received some form of student financial aid. In total, 281 students were awarded grants or scholarships amounting to $1.2 million, and 248 students borrowed more than $2.1 million in student loans.
Among all undergraduate students, 394 received grants or scholarships totaling $1.7 million. Additionally, 315 students took out federal student loans totaling $2.6 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.
The following data includes only full-time students who began an undergraduate program at the the Garden State Science and Technology 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 | 280 | 93% | $1.2 million | $4,174 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 1% | $0 | $0 |
| Grant or scholarship aid total | 281 | 93% | $1.2 million | $4,200 |
| Federal student loans | 248 | 82% | $2.1 million | $8,526 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 248 | 82% | $2.1 million | $8,526 |
| Total student aid | 290 | 96% | $3.3 million | $11,361 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
