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Polk Times

Tuesday, October 15, 2024

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

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Dr. Miguel A. Cardona Secretary of Education | Official website

Dr. Miguel A. Cardona Secretary of Education | Official website

College tuition fees rose 5% in Polk County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $19,604 on average to attend higher education courses at the time, $938 more than the previous school year.

Among the 11 institutions in the county, Florida Southern College stood out with the highest tuition fees, reaching an average of $40,500. Webber International University followed with an average of $30,798 per year. Traviss Technical College students were offered the lowest annual tuition fees at $625.

At the time, a total of $51.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Polk County universities in the 2022-23 school year. Additionally, federal student loans reached $13.1 million.

Currently there are 11 higher education institutions in Polk County, including Southeastern University, Webber International University, and Polk 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 Polk 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
Artistic Nails and Beauty Academy-Lakeland36$122,060$3,39133$169,506$5,137
Warner University240$4,785,125$19,938183$1,312,174$7,170
Florida Polytechnic University433$4,013,375$9,269125$723,252$5,786
Southeastern University889$14,344,209$16,135731$5,476,793$7,492
Ruben's Five Star Academy11$59,801$5,43611$72,241$6,567
Traviss Technical College168$857,188$5,1020$0$0
Florida Southern College751$20,054,524$26,704442$3,703,415$8,379
Empire Beauty School-Lakeland43$197,123$4,58448$366,250$7,630
Webber International University218$3,920,488$17,984176$1,208,076$6,864
Polk State College448$2,353,538$5,25323$67,209$2,922
Ridge Technical College285$1,176,600$4,1280$0$0

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