Tuition at Mandalyn Academy rose by 13.3% for the 2022-23 school year, based on the most recent figures released, according to the latest disclosure from the National Center for Education Statistics.
Students paid $16,990 to enroll at the private for-profit institution this year, which is $1,995 higher than the $14,995 charged during the 2021-22 academic year.
Approximately 88% of the undergraduate students at the school are residents of Utah, while around 13% come from other states.
Data indicates that 56% of full-time undergraduates who began studies at Mandalyn Academy in 2022-23 received some form of financial aid. Specifically, eight students were awarded grants or scholarships totaling $27,885, and eight students secured student loans exceeding $50,180.
Among all undergraduate students, 60 received grants or scholarships amounting to $204,458. Additionally, 73 students borrowed a total of $328,040 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.
The following data includes only full-time students who began an undergraduate program at the the Mandalyn Academy 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 | 8 | 44% | $27,885 | $3,486 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 8 | 44% | $27,885 | $3,486 |
| Federal student loans | 8 | 44% | $50,180 | $6,273 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 8 | 44% | $50,180 | $6,273 |
| Total student aid | 10 | 56% | $78,065 | $7,806 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
