For the 2022-23 school year, tuition at the Conservatory of Recording Arts and Sciences rose by 10.2%, based on the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $20,559 this year, reflecting an increase of $1,900 from the $18,659 charged during the 2021-22 academic year.
Approximately 45% of the undergraduate student body at the school are residents of Arizona, while the remaining 55% come from other states.
Data indicates that 67% of full-time undergraduates who began their studies at the Conservatory of Recording Arts and Sciences in 2022-23 received some form of student financial aid. A total of 250 students were awarded grants or scholarships amounting to $919,672, and 408 students obtained student loans exceeding $2.5 million.
Among all undergraduate students, 348 received grants or scholarships totaling $1.3 million. Additionally, 562 students secured federal student loans totaling $3.1 million.
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 Conservatory of Recording Arts and Sciences 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 | 245 | 36% | $918,011 | $3,747 |
| State / local grant or scholarship | 9 | 1% | $1,661 | $185 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 250 | 36% | $919,672 | $3,679 |
| Federal student loans | 403 | 58% | $2.1 million | $5,121 |
| Other student loans | 32 | 5% | $413,907 | $12,935 |
| Student loan aid | 408 | 59% | $2.5 million | $6,073 |
| Total student aid | 459 | 67% | $3.4 million | $7,401 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
