Quantcast

Brevard Sun

Tuesday, December 24, 2024

Average cost of college went up for students in Brevard County in 2022-23 school year

Webp zyuwd42j3fhybkf4n6760dhlcgy2

Christian Sonnenberg, Associate Dean of Online and Off-Campus Programs, Associate Professor | Florida Institute of Technology-Online

Christian Sonnenberg, Associate Dean of Online and Off-Campus Programs, Associate Professor | Florida Institute of Technology-Online

College tuition fees rose 0.9% in Brevard County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $11,183 on average to attend higher education courses at the time, $97 more than the previous school year.

Among the five institutions in the county, Florida Institute of Technology stood out with the highest tuition fees, reaching an average of $43,670. Academy of Cosmetology followed with an average of $16,400 per year. Eastern Florida State College students were offered the lowest annual tuition fees at $2,713.

At the time, a total of $22.6 million in grants or scholarships were awarded to full-time undergraduates who started at the Brevard County universities in the 2022-23 school year. Additionally, federal student loans reached $5.6 million.

Currently there are five higher education institutions in Brevard County, including The Salon Professional Academy-Melbourne, Academy of Cosmetology, and Eastern Florida State College.

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.

Total Student Aid in Brevard County Universities in 2022-23 School Year

InstitutionNumber of Students Receiving GrantsTotal Amount of Grants ReceivedAverage Amount of Grant Per StudentNumber of Students Receiving LoansTotal Amount of Loans ReceivedAverage Amount of Loans Per Student
The Salon Professional Academy-Melbourne53$251,090$4,73865$352,600$5,425
Eastern Florida State College606$3,678,022$6,069158$770,013$4,874
Florida Institute of Technology772$18,491,933$23,953385$4,187,555$10,877
Florida Institute of Technology-Online26$91,197$3,50822$115,177$5,235
Academy of Cosmetology30$136,152$4,53825$153,143$6,126

MORE NEWS