Tuition for the 2022-23 school year at the American Institute-Toms River rose by 5.4%, as revealed in the latest data release, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $19,495 in tuition for both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of residents from New Jersey.
Data indicates that every full-time undergraduate who began studies at the American Institute-Toms River in 2022-23 received some form of student financial aid. A total of 121 students were awarded grants or scholarships amounting to $683,847, while 133 students borrowed over $1.2 million in student loans.
Across all undergraduates, 485 students received grants or scholarships totaling $2.2 million. Additionally, 570 students obtained $4.5 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.
The following data includes only full-time students who began an undergraduate program at the the American Institute-Toms River 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 | 119 | 86% | $629,393 | $5,289 |
| State / local grant or scholarship | 7 | 5% | $23,663 | $3,380 |
| Institutional grants or scholarships | 5 | 4% | $30,791 | $6,158 |
| Grant or scholarship aid total | 121 | 87% | $683,847 | $5,652 |
| Federal student loans | 124 | 89% | $908,836 | $7,329 |
| Other student loans | 127 | 91% | $314,595 | $2,477 |
| Student loan aid | 133 | 96% | $1.2 million | $9,199 |
| Total student aid | 139 | 100% | $1.9 million | $13,721 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
