Otis College of Art and Design raised tuition by 3% for the 2022-23 school year, as revealed in the latest data disclosure, according to the latest disclosure from the National Center for Education Statistics.
This year, students paid $52,460 to attend the private, four-year, not-for-profit institution, which is $1,510 higher than the $50,950 charged during the 2021-22 academic year.
Approximately 64% of the undergraduate students at the school are California residents, while about 20% come from other states and 16% are international students.
Data indicates that 99% of full-time undergraduates who enrolled at Otis College of Art and Design in 2022-23 received some form of financial aid. A total of 311 students were awarded grants or scholarships amounting to $7.1 million, and 146 students obtained student loans exceeding $1.5 million.
Across the entire undergraduate population, 1,188 students received grants or scholarships totaling $26.6 million. Additionally, 530 students borrowed $3.8 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 Otis College of Art and Design 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 | 89 | 28% | $542,355 | $6,094 |
| State / local grant or scholarship | 72 | 23% | $604,386 | $8,394 |
| Institutional grants or scholarships | 310 | 99% | $5.9 million | $19,073 |
| Grant or scholarship aid total | 311 | 99% | $7.1 million | $22,699 |
| Federal student loans | 146 | 46% | $811,468 | $5,558 |
| Other student loans | 19 | 6% | $643,371 | $33,862 |
| Student loan aid | 146 | 46% | $1.5 million | $9,965 |
| Total student aid | 311 | 99% | $8.5 million | $27,376 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
