The Avalon Institute-Layton reported a 2.1% tuition hike for the 2022-23 school year, based on the latest available figures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $17,600 this year, which is $350 higher than the $17,250 tuition charged during the 2021-22 academic year.
Approximately 99% of the undergraduate students at the school are residents of Utah, while about 1% come from other states.
Data indicates that 80% of full-time undergraduates who began studies at Avalon Institute-Layton in 2022-23 received some form of financial aid. Specifically, 20 students were awarded grants or scholarships totaling $138,154, and 29 students took out loans exceeding $161,504.
Across the entire undergraduate population, 198 students utilized grants or scholarships amounting to $1 million, while 226 students borrowed $1.3 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 | 20 | 50% | $137,154 | $6,858 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 3% | $0 | $0 |
| Grant or scholarship aid total | 20 | 50% | $138,154 | $6,908 |
| Federal student loans | 29 | 73% | $161,504 | $5,569 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 29 | 73% | $161,504 | $5,569 |
| Total student aid | 32 | 80% | $299,658 | $9,364 |
