Cost of education increases for all Missouri University of Science and Technology students in 2022-23 school year

Dr. Mohammad Dehghani, Chancellor
Dr. Mohammad Dehghani, Chancellor
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Tuition for Missouri residents attending Missouri University of Science and Technology rose by 5.1% during the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.

This year, in-state students paid $11,365 to attend the public four-year university, an increase of $552 compared to the $10,813 charged in the 2021-22 academic year.

Non-resident students faced tuition costs that were 162.3% higher than those for residents in 2022-23, amounting to $29,809. This represents a 2.4% rise from the $29,097 charged during the previous year.

Approximately 76% of the undergraduate student body at the university are Missouri residents, while around 22% come from other states and 2% are international students.

Data indicates that 98% of full-time undergraduates who began their studies in 2022-23 received some form of financial aid. A total of 1,106 students were awarded grants or scholarships amounting to $15.4 million, and 523 students obtained student loans exceeding $4.5 million.

Among all undergraduates, 4,734 students received grants or scholarships totaling $56.5 million. Additionally, 2,219 students borrowed $13.4 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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Missouri University of Science and Technology 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 243 21% $1.3 million $5,265
State / local grant or scholarship 522 46% $1.6 million $3,017
Institutional grants or scholarships 1,088 96% $12.6 million $11,559
Grant or scholarship aid total 1,106 97% $15.4 million $13,952
Federal student loans 499 44% $2.6 million $5,149
Other student loans 150 13% $2 million $13,178
Student loan aid 523 46% $4.5 million $8,692
Total student aid 1,116 98% $20 million $17,900

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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