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Friday, April 19, 2024

Cost of college went up for all students at Universal Technical Institute of Illinois Inc

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Tuition and fees rose 2 percent for 2017-18 at Universal Technical Institute of Illinois Inc, according to the latest disclosure from the U.S. Department of Education.

Illinois students paid $44,150 to attend the two-year private for-profit institution this year $850 more than the $43,300 charged for 2016-17.

Data shows 92 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 423 students received grants or scholarships totaling $1.8 million and 489 students took out student loans totaling more than $4.25 million.

Including all undergraduates, 1,061 students used grants or scholarships totaling $3.85 million. Another 1,091 took out $7.42 million in federal student loans.

The cost of attending
Enrollment
2014-15
2015-16
2016-17
2017-18
Change in tuition and fees 2014-15 to 2017-18
~663
$41,200
$42,250
$43,300
$44,150
7.2%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Universal Technical Institute of Illinois Inc in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
366
60%
$1,565,194
$4,276
State / local grant or scholarship
0
0%
$0
Institutional grants or scholarships
142
23%
$237,962
$1,676
Grant or scholarship aid total
423
69%
$1,803,156
$4,263
Federal student loans
483
79%
$3,159,577
$6,542
Other student loans
187
31%
$1,094,138
$5,851
Student loan aid
489
80%
$4,253,715
$8,699
Total student aid
566
92%

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