Embry-Riddle Aeronautical University-Prescott raised tuition by 3.8% for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, not-for-profit university paid $40,464 for the academic year, an increase of $1,498 from the $38,966 charged during the 2021-22 school year.
Approximately 23% of the undergraduate student body are residents of Arizona, while 71% come from other states. International students make up about 3% of the population.
Data indicates that 98% of full-time undergraduates who began studies at Embry-Riddle Aeronautical University-Prescott in 2022-23 received some form of financial aid. A total of 709 students were awarded grants or scholarships amounting to $13.4 million, and 370 students obtained student loans exceeding $6.9 million.
Across all undergraduate students, 2,843 received grants or scholarships totaling $60.9 million. Additionally, 1,073 students borrowed $6.8 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.
The following data includes only full-time students who began an undergraduate program at the Embry-Riddle Aeronautical University-Prescott 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 | 119 | 16% | $741,500 | $6,231 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 702 | 93% | $12.7 million | $18,082 |
| Grant or scholarship aid total | 709 | 94% | $13.4 million | $18,949 |
| Federal student loans | 332 | 44% | $1.7 million | $5,222 |
| Other student loans | 153 | 20% | $5.1 million | $33,651 |
| Student loan aid | 370 | 49% | $6.9 million | $18,601 |
| Total student aid | 740 | 98% | $20.3 million | $27,455 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
