Cost of college went up for all students at IBMC College


Tuition and fees rose 2.9 percent for 2018-19 at IBMC College, according to recent data from the U.S. Department of Education.

Colorado students paid $12,960 to attend the two-year private for-profit institution this year – $360 more than the $12,600 charged for 2017-18.

Data shows 90 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 274 students received grants or scholarships totaling $931,244 and 289 students took out student loans totaling more than $2.1 million.

Including all undergraduates (405), 291 students used grants or scholarships totaling $1.3 million, and 308 students took out $2.2 million in federal student loans.

The cost of attending
Enrollment
2015-16
2016-17
2017-18
2018-19
Change in tuition and fees 2015-16 to 2018-19
In-state
~397
$12,240
$12,600
$12,600
$12,960
5.9%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at IBMC College in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
273
85%
$827,444
$3,031
State / local grant or scholarship
21
7%
$19,425
$925
Institutional grants or scholarships
135
42%
$84,375
$625
Grant or scholarship aid total
274
85%
$931,244
$3,399
Federal student loans
289
90%
$2,065,650
$7,148
Other student loans
0
0%
$0
-
Student loan aid
289
90%
$2,065,650
$7,148
Total student aid
289
90%
-
-

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