Tuition at the Interactive College of Technology-Morrow rose by 5.9% for the 2022-23 school year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit college paid $10,850 this year, an increase of $430 compared to the $10,420 tuition fee for the 2021-22 academic year.
The entire undergraduate student body at the institution consists of residents of Georgia.
Data indicates that 97% of full-time undergraduates who began studies at Interactive College of Technology-Morrow in 2022-23 received some form of student financial aid. A total of 32 students were awarded grants or scholarships amounting to $203,088, while 26 students obtained student loans exceeding $190,285.
Across all undergraduate students, 69 received grants or scholarships totaling $391,745. Additionally, 57 students borrowed $358,900 in federal student loans.
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 Interactive College of Technology-Morrow 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 | 32 | 82% | $203,088 | $6,347 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 32 | 82% | $203,088 | $6,347 |
| Federal student loans | 26 | 67% | $190,285 | $7,319 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 26 | 67% | $190,285 | $7,319 |
| Total student aid | 38 | 97% | $393,373 | $10,351 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
