For the 2022-23 school year, in-state tuition at the University of Akron Main Campus rose by 4.6%, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Ohio residents paid $12,427 to attend the public four-year university this year, which is $349 higher than the $12,078 charged in the 2021-22 academic year.
Non-resident students faced tuition costs 24.7% above those of in-state students, amounting to $15,500 for the 2022-23 year. This rate remained unchanged from the previous year.
Approximately 92% of the undergraduate student body are Ohio residents, while about 7% come from other states, and international students comprise roughly 1%.
Data indicates that 97% of full-time undergraduates who enrolled at the University of Akron Main Campus in 2022-23 received some form of financial aid. In total, 1,946 students were awarded grants or scholarships amounting to $18.4 million, and 941 students obtained loans exceeding $6.5 million.
Across all undergraduates, 7,847 students benefited from grants or scholarships totaling $68.2 million. Additionally, 3,968 students borrowed $24.9 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 | 860 | 42% | $4.6 million | $5,303 |
| State / local grant or scholarship | 609 | 30% | $1.6 million | $2,588 |
| Institutional grants or scholarships | 1,871 | 91% | $12.3 million | $6,551 |
| Grant or scholarship aid total | 1,946 | 94% | $18.4 million | $9,452 |
| Federal student loans | 913 | 44% | $4.8 million | $5,281 |
| Other student loans | 138 | 7% | $1.6 million | $11,831 |
| Student loan aid | 941 | 46% | $6.5 million | $6,859 |
| Total student aid | 2,005 | 97% | $24.8 million | $12,392 |
