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Thursday, November 21, 2024

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

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Dr. Miguel A. Cardona Secretary of Education | Facebook Website

Dr. Miguel A. Cardona Secretary of Education | Facebook Website

College tuition fees rose 0.5% in Travis County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $13,859 on average to attend higher education courses at the time, $67 more than the previous school year.

Among the 18 institutions providing full disclosure in the county, Saint Edward's University stood out with the highest tuition fees, reaching an average of $50,766. Universal Technical Institute-West Texas followed with an average of $49,900 per year. Austin Community College District students were offered the lowest annual tuition fees at $8,621.

At the time, at least $99.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Travis County universities in the 2022-23 school year. Additionally, federal student loans reached more than $41.8 million.

Currently there are 19 higher education institutions in Travis County, including Avenue Five Institute, Baldwin Beauty School-South Austin, and Huston-Tillotson 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.

Of the 19 institutions in Travis County, Texas Health and Science University did not provide detailed data on tuition fees.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Travis 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
Paul Mitchell the School-Austin86$427,184$4,96774$515,983$6,973
Baldwin Beauty School-South Austin27$91,819$3,40119$102,102$5,374
Avenue Five Institute-South Austin Campus24$122,065$5,08632$225,419$7,044
Austin Community College District904$7,314,685$8,0911,388$7,774,125$5,601
Southern Careers Institute-Austin720$2,949,567$4,097591$3,197,985$5,411
Universal Technical Institute-West Texas397$2,231,432$5,621419$3,648,076$8,707
The Recording Conservatory of Austin28$175,415$6,26514$135,118$9,651
The University of Texas at Austin4,198$50,627,023$12,0602,662$16,148,098$6,066
Saint Edward's University636$23,643,743$37,176276$2,363,349$8,563
Baldwin Beauty School-North Austin47$172,408$3,66829$139,305$4,804
Huston-Tillotson University154$859,139$5,579136$498,496$3,665
Avenue Five Institute48$249,364$5,19565$416,831$6,413
Ann Webb Skin Institute44$186,859$4,24757$350,451$6,148
Texas Health and Science University------------
Concordia University Texas182$5,165,599$28,382115$814,336$7,081
Austin Career Institute160$964,506$6,028122$583,359$4,782
Auguste Escoffier School of Culinary Arts-Austin402$2,027,044$5,042313$2,321,863$7,418
CyberTex Institute of Technology215$1,236,938$5,753240$1,454,380$6,060
The College of Health Care Professions-Austin180$1,065,857$5,921158$1,132,919$7,170

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