For the 2022-23 school year, tuition at IBMC College rose by 2.6%, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private, for-profit IBMC College paid $14,960 this year, an increase of $380 from the $14,580 tuition charged during the 2021-22 academic year.
Approximately 85% of the undergraduate student body at IBMC College are residents of Colorado, while around 15% come from other states.
Data indicates that 89% of full-time undergraduates who began their studies at IBMC College in 2022-23 received some form of student financial aid. Specifically, 151 students were awarded grants or scholarships totaling $447,816, and 124 students borrowed over $887,096 in student loans.
Across all undergraduate students, 325 received grants or scholarships amounting to $3.1 million. Additionally, 322 students took out federal student loans totaling $2.3 million.
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 IBMC College 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 | 144 | 78% | $371,628 | $2,581 |
| State / local grant or scholarship | 45 | 24% | $40,590 | $902 |
| Institutional grants or scholarships | 51 | 28% | $35,598 | $698 |
| Grant or scholarship aid total | 151 | 82% | $447,816 | $2,966 |
| Federal student loans | 124 | 67% | $887,096 | $7,154 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 124 | 67% | $887,096 | $7,154 |
| Total student aid | 165 | 89% | $1.3 million | $8,090 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
