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Friday, November 15, 2024

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

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Dr. Stacy Volnick President | Florida Atlantic University

Dr. Stacy Volnick President | Florida Atlantic University

College tuition fees rose 2.1% in Palm Beach County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $10,208 on average to attend higher education courses at the time, $207 more than the previous school year.

Among the 21 institutions in the county, the Ultrasound Medical Institute stood out with the highest tuition fees, reaching an average of $49,816. Lynn University followed with an average of $41,550 per year. Palm Beach State College students were offered the lowest annual tuition fees at $3,129.

At the time, at least $80.6 million in grants or scholarships were awarded to full-time undergraduates who started at the Palm Beach County universities in the 2022-23 school year. Additionally, federal student loans reached more than $28.9 million.

Currently there are 21 higher education institutions in Palm Beach County, including Palm Beach State College, The Salon Professional Academy-Delray Beach, and Florida Atlantic University.

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 Palm Beach 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
Academy for Nursing and Health Occupations14$97,179$6,94116$150,033$9,377
Ultrasound Medical Institute------------
HCI College120$689,583$5,747158$553,337$3,502
Everglades University250$2,451,599$9,806211$2,707,944$12,834
Florida Career College-West Palm Beach286$1,534,009$5,364282$2,567,096$9,103
Cambridge College of Healthcare & Technology57$310,797$5,45367$768,183$11,465
Robert Fiance Beauty Schools14$82,811$5,91511$86,162$7,833
Lynn University772$16,205,531$20,992344$4,116,643$11,967
Empire Beauty School-West Palm28$140,447$5,01629$206,750$7,129
Boca Beauty Academy161$520,894$3,235125$699,758$5,598
The Beauty Institute19$84,488$4,44715$15,500$1,033
Medical Institute of Palm Beach77$337,626$4,38584$497,973$5,928
Hollywood Institute of Beauty Careers-West Palm Beach161$762,462$4,736161$996,873$6,192
The Salon Professional Academy-Delray Beach17$81,335$4,78416$74,726$4,670
Florida Career College-Boynton Beach179$1,067,782$5,965185$1,866,673$10,090
Palm Beach Academy of Health & Beauty59$209,019$3,54357$262,276$4,601
Florida Atlantic University2,608$28,130,191$10,786947$7,572,727$7,997
Palm Beach Atlantic University695$17,055,683$24,541404$3,711,023$9,186
Palm Beach State College1,577$9,981,786$6,330237$976,109$4,119
South University-West Palm Beach8$65,822$8,2288$60,000$7,500
Latin Beauty Academy137$760,024$5,548134$1,025,529$7,653

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