Tuition rates for in-state students attending Iowa State University rose by 5.2% during the 2022-23 school year, as reported in the latest disclosure, according to the latest disclosure from the National Center for Education Statistics.
Iowa residents paid $10,133 to attend the public university this year, which is $499 more than the $9,634 charged for the 2021-22 academic year.
Non-resident students were charged $26,617 for the 2022-23 school year, an increase of 4.6% from $25,446 the previous year. This amount is 162.7% higher than the in-state tuition rate.
Approximately 52% of the undergraduate student body at Iowa State University are Iowa residents, while about 45% come from other U.S. states and 3% are international students.
Data indicates that 89% of full-time undergraduates who enrolled in the 2022-23 academic year received some form of financial aid. A total of 4,366 students were awarded grants or scholarships amounting to $46.8 million, and 2,678 students borrowed more than $22.3 million in student loans.
Across all undergraduates, 18,494 students received grants or scholarships totaling $179.1 million. Additionally, 11,588 students took out federal student loans amounting to $70.6 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 1,057 | 19% | $5.7 million | $5,405 |
| State / local grant or scholarship | 40 | 1% | $167,865 | $4,197 |
| Institutional grants or scholarships | 4,270 | 75% | $40.9 million | $9,582 |
| Grant or scholarship aid total | 4,366 | 77% | $46.8 million | $10,718 |
| Federal student loans | 2,589 | 46% | $13.6 million | $5,237 |
| Other student loans | 647 | 11% | $8.7 million | $13,467 |
| Student loan aid | 2,678 | 47% | $22.3 million | $8,317 |
| Total student aid | 5,058 | 89% | $69.1 million | $13,655 |
