The Universal Technical Institute of Arizona Inc-Motorcycle Mechanics Institute Division saw a 2.6% tuition hike for the 2022-23 school year, as revealed in the latest data, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled in the two-year private for-profit institution paid $34,450 this year, which is $1,650 higher than the $32,800 tuition charged in the 2021-22 academic year.
Approximately 23% of the undergraduate student body at the school are residents of Arizona, while the remaining 77% come from other states.
Data indicates that 90% of full-time undergraduates who began studies at the Universal Technical Institute of Arizona Inc-Motorcycle Mechanics Institute Division in 2022-23 received some form of student financial aid. A total of 198 students were awarded grants or scholarships amounting to $929,343, and 170 students obtained student loans exceeding $1.5 million.
Across the entire undergraduate population, 764 students utilized grants or scholarships totaling $2.9 million. Additionally, 483 students borrowed $3.3 million 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 125 | 46% | $704,765 | $5,638 |
| State / local grant or scholarship | 0 | 1% | $0 | $0 |
| Institutional grants or scholarships | 127 | 47% | $221,721 | $1,746 |
| Grant or scholarship aid total | 198 | 73% | $929,343 | $4,694 |
| Federal student loans | 169 | 62% | $1.1 million | $6,671 |
| Other student loans | 39 | 14% | $338,280 | $8,674 |
| Student loan aid | 170 | 63% | $1.5 million | $8,621 |
| Total student aid | 244 | 90% | $2.4 million | $9,815 |
