For the 2022-23 school year, tuition at the Detroit Business Institute-Downriver rose by 1.9%, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $29,970 this year, an increase of $570 from the $29,400 charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents of Michigan.
Data indicates that all full-time undergraduates who began their studies at the Detroit Business Institute-Downriver in 2022-23 received some form of student financial aid. Specifically, five students were awarded grants or scholarships totaling $41,366, while six students obtained student loans exceeding $36,470.
Across the undergraduate population, 141 students benefited from grants or scholarships amounting to $979,664. Additionally, 142 students secured federal student loans totaling $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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 5 | 83% | $39,581 | $7,916 |
| State / local grant or scholarship | 0 | 50% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 5 | 83% | $41,366 | $8,273 |
| Federal student loans | 6 | 100% | $36,470 | $6,078 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 6 | 100% | $36,470 | $6,078 |
| Total student aid | 6 | 100% | $77,836 | $12,972 |
