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Thursday, November 21, 2024

Average cost of college went down for students in Lee County in 2022-23 school year

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Cindy Marten, Deputy Secretary of Education | https://upload.wikimedia.org/wikipedia/commons/a/a0/Cindy_Marten%2C_Deputy_Secretary_of_Education_2.jpg

Cindy Marten, Deputy Secretary of Education | https://upload.wikimedia.org/wikipedia/commons/a/a0/Cindy_Marten%2C_Deputy_Secretary_of_Education_2.jpg

College tuition fees fell 0.1% in Lee County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $7,259 on average to attend higher education courses at the time, less than the $9 charged for the previous school year.

Among the 13 institutions in the county, Premiere International College stood out with the highest tuition fees, reaching an average of $21,125. Cozmo Beauty School followed with an average of $19,700 per year. Cape Coral Technical College students were offered the lowest annual tuition fees at $1,091.

At the time, at least $26 million in grants or scholarships were awarded to full-time undergraduates who started at the Lee County universities in the 2022-23 school year. Additionally, federal student loans reached more than $11.1 million.

Currently there are 13 higher education institutions in Lee County, including Florida SouthWestern State College, Hodges University, and Cozmo Beauty School.

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 Lee 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
Hodges University15$84,330$5,6226$23,837$3,973
Florida Gulf Coast University1,737$13,649,635$7,858807$8,524,387$10,563
The Salon Professional Academy-Ft Myers7$27,275$3,8967$57,500$8,214
Southern Technical College162$768,824$4,746178$788,961$4,432
Lee Professional Institute69$317,193$4,59768$370,396$5,447
Paul Mitchell the School-Fort Myers15$81,075$5,40517$127,557$7,503
Cozmo Beauty School6$41,620$6,93710$73,445$7,345
Premiere International College------------
Florida Academy24$103,854$4,32728$135,169$4,827
Florida SouthWestern State College1,476$8,511,898$5,767232$896,096$3,862
Fort Myers Technical College336$1,533,642$4,5640$0$0
Aveda Institute-Fort Myers10$47,043$4,70411$69,406$6,310
Cape Coral Technical College168$858,418$5,1100$0$0

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