The Florida Academy saw a 0.6% rise in tuition fees for the 2022-23 academic year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $8,900 to attend the private for-profit institution during both the 2021-22 and 2022-23 school years.
The entire undergraduate student body at the school consists of residents of Florida.
Data indicates that half of the full-time undergraduates who began studies at the Florida Academy in 2022-23 received some form of financial aid. Specifically, 24 students were awarded grants or scholarships totaling $103,854, while 28 students obtained student loans exceeding $135,169.
Among all undergraduates, 330 students received grants or scholarships amounting to $1 million. Additionally, 319 students secured federal student loans totaling $1.2 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 | 23 | 36% | $98,369 | $4,277 |
| State / local grant or scholarship | 0 | 2% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 24 | 38% | $103,854 | $4,327 |
| Federal student loans | 28 | 44% | $135,169 | $4,827 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 28 | 44% | $135,169 | $4,827 |
| Total student aid | 32 | 50% | $239,023 | $7,469 |
