The Colorado School of Mines saw a 2.6% rise in in-state tuition fees for the 2022-23 school year, as revealed in the most recent data, according to the latest disclosure from the National Center for Education Statistics.
Colorado residents paid $20,040 to attend the public four-year institution during this period, an increase of $502 from the $19,538 charged in the 2021-22 academic year.
Non-resident students were charged 110.2% more than in-state students in 2022-23, paying $42,120. This amount represents a 3.1% increase from $40,838 in the previous year.
Approximately half of the undergraduate student body at the school consists of Colorado residents. Students from other states make up about 48%, while international students account for 2%.
Data indicates that 97% of full-time undergraduates who enrolled in the 2022-23 academic year received some form of financial aid. A total of 1,414 students were awarded grants or scholarships amounting to $15.8 million, and 573 students obtained loans exceeding $5.6 million.
Among all undergraduates, 4,813 students benefited from grants or scholarships totaling $51.9 million. Additionally, 1,918 students borrowed $12.2 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 Colorado School of Mines 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 | 197 | 13% | $1 million | $5,090 |
| State / local grant or scholarship | 157 | 10% | $595,398 | $3,792 |
| Institutional grants or scholarships | 1,413 | 93% | $14.2 million | $10,081 |
| Grant or scholarship aid total | 1,414 | 94% | $15.8 million | $11,204 |
| Federal student loans | 550 | 36% | $2.8 million | $5,164 |
| Other student loans | 110 | 7% | $2.8 million | $25,017 |
| Student loan aid | 573 | 38% | $5.6 million | $9,759 |
| Total student aid | 1,460 | 97% | $21.4 million | $14,681 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
