Tuition for in-state students at Otero College rose by 2.9% during the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.
Colorado residents paid $4,226 to attend the two-year public college this year, an increase of $119 from the $4,107 charged in the 2021-22 academic year.
Non-resident tuition for the 2022-23 year was $6,730, which is 59.3% higher than the in-state rate. This represents a 2.5% rise from $6,563 in the previous year.
Approximately 74% of Otero College’s undergraduate students are Colorado residents, while about 13% come from other states and another 13% are international students.
Data indicates that 98% of full-time undergraduates who enrolled at Otero College in 2022-23 received some form of financial aid. A total of 158 students were awarded grants or scholarships amounting to $1.4 million, and 47 students took out loans exceeding $222,853.
Among all undergraduate students, 562 received grants or scholarships totaling $4.6 million, while 175 students borrowed $990,478 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 Otero College 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 | 74 | 45% | $438,032 | $5,919 |
| State / local grant or scholarship | 68 | 41% | $133,200 | $1,959 |
| Institutional grants or scholarships | 140 | 84% | $851,069 | $6,079 |
| Grant or scholarship aid total | 158 | 95% | $1.4 million | $9,002 |
| Federal student loans | 47 | 28% | $222,853 | $4,742 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 47 | 28% | $222,853 | $4,742 |
| Total student aid | 162 | 98% | $1.6 million | $10,155 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
