Cost increases for all students at ETI School of Skilled Trades in 2022-23 school year
For the 2022-23 school year, tuition at the ETI School of Skilled Trades rose by 4.3%, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $14,685 this year, which is $600 higher than the $14,085 charged in the 2021-22 academic year.
Approximately 96% of the undergraduate students at the school are residents of Illinois, while around 3% come from other states.
Data indicates that 79% of full-time undergraduates who began studies at ETI School of Skilled Trades in 2022-23 received some form of student financial aid. Specifically, 194 students were awarded grants or scholarships totaling $847,000, and 88 students obtained student loans amounting to more than $597,080.
Across the entire undergraduate body, 286 students benefited from grants or scholarships totaling $1.4 million. Additionally, 210 students secured $2.2 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 194 | 79% | $847,000 | $4,366 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 194 | 79% | $847,000 | $4,366 |
| Federal student loans | 88 | 36% | $597,080 | $6,785 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 88 | 36% | $597,080 | $6,785 |
| Total student aid | 195 | 79% | $1.4 million | $7,405 |