Cost of college increased for all Academy of Interactive Entertainment students during 2022-23 school year

John De Margheriti Chairman and CEO - Academy of Interactive Entertainment
John De Margheriti Chairman and CEO - Academy of Interactive Entertainment
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The Academy of Interactive Entertainment reported a 3.1% tuition hike for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled in the two-year private, not-for-profit institution paid $23,450 this year, which is $700 higher than the $22,750 charged during the 2021-22 academic year.

The entire undergraduate student body at the school consists of residents from Louisiana.

Data indicates that 94% of full-time undergraduates who began studies at the Academy of Interactive Entertainment in 2022-23 received some form of student financial aid. Specifically, 29 students were awarded grants or scholarships amounting to $97,846, while 27 students obtained student loans totaling more than $257,230.

Across all undergraduate students, 59 individuals benefited from grants or scholarships totaling $447,775. Additionally, 40 students secured federal student loans amounting to $285,366.

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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Academy of Interactive Entertainment in the 2022-23 school year.

Type of AidNumber of students awarded aidPercent awarded aidTotal amount of aid awardedAverage amount of aid per student
Federal grants2994%$77,480$2,672
State / local grant or scholarship516%$15,866$3,173
Institutional grants or scholarships06%$0$0
Grant or scholarship aid total2994%$97,846$3,374
Federal student loans2787%$147,697$5,470
Other student loans619%$109,533$18,256
Student loan aid2787%$257,230$9,527
Total student aid2994%$355,076$12,244
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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