The Kentucky Horseshoeing School saw an 11.5% rise in tuition fees for the 2022-23 school year, as revealed in recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $30,000 this year, which is $4,000 higher than the $26,000 charged in the 2021-22 academic year.
Approximately 20% of the undergraduate student body at the school are residents of Kentucky, while the remaining 80% come from other states.
Data indicates that 71% of full-time undergraduates who began their studies in 2022-23 received some form of student financial aid. Specifically, 18 students were awarded grants or scholarships totaling $67,870, and 21 students took out loans amounting to more than $228,908.
Among all undergraduate students, 20 received grants or scholarships totaling $72,840, and 24 students borrowed federal student loans totaling $199,013.
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 Kentucky Horseshoeing School 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 | 18 | 43% | $62,370 | $3,465 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 2% | $0 | $0 |
| Grant or scholarship aid total | 18 | 43% | $67,870 | $3,771 |
| Federal student loans | 21 | 50% | $181,501 | $8,643 |
| Other student loans | 0 | 10% | $0 | $0 |
| Student loan aid | 21 | 50% | $228,908 | $10,900 |
| Total student aid | 30 | 71% | $296,778 | $9,892 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
