The Medical Institute of Palm Beach maintained the same tuition rates 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 at the private, for-profit institution paid $25,000 for both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of Florida residents.
Data indicates that 32% of full-time undergraduates who began studies at the Medical Institute of Palm Beach in 2022-23 received some form of student financial aid. A total of 77 students were awarded grants or scholarships amounting to $337,626, while 84 students took out loans exceeding $497,973.
Across all undergraduates, 169 students received grants or scholarships totaling $747,935. Additionally, 181 students borrowed $1 million in federal student loans.
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 the Medical Institute of Palm Beach 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 | 77 | 28% | $337,626 | $4,385 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 77 | 28% | $337,626 | $4,385 |
| Federal student loans | 84 | 31% | $497,973 | $5,928 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 84 | 31% | $497,973 | $5,928 |
| Total student aid | 87 | 32% | $835,599 | $9,604 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
