The Rocky Mountain College of Art and Design reported a 4.6% tuition increase for the 2022-23 academic year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private for-profit college paid $22,607 this year, which is $992 higher than the $21,615 tuition charged during the 2021-22 academic year.
Approximately 40% of the undergraduate student body are residents of Colorado, while about 59% come from other states. International students make up roughly 1% of the enrollment.
Data indicates that 94% of full-time undergraduates who began studies at Rocky Mountain College of Art and Design in 2022-23 received some form of financial aid. A total of 105 students were awarded grants or scholarships amounting to $692,226, and 100 students obtained student loans exceeding $1.1 million.
Across all undergraduate students, 1,306 received grants or scholarships totaling $7.3 million. Additionally, 1,239 students secured federal student loans totaling $12 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 Rocky Mountain College of Art and Design 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 | 56 | 43% | $425,707 | $7,602 |
| State / local grant or scholarship | 10 | 8% | $20,000 | $2,000 |
| Institutional grants or scholarships | 86 | 66% | $246,519 | $2,867 |
| Grant or scholarship aid total | 105 | 81% | $692,226 | $6,593 |
| Federal student loans | 98 | 75% | $808,593 | $8,251 |
| Other student loans | 17 | 13% | $289,209 | $17,012 |
| Student loan aid | 100 | 77% | $1.1 million | $10,978 |
| Total student aid | 122 | 94% | $1.8 million | $14,672 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
