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Thursday, November 21, 2024

Average cost of college education in St. Lucie County rises for students in 2022-23 school year

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Debra Hohn Co-Owner - Assistant Director | Fort Pierce Beauty Academy

Debra Hohn Co-Owner - Assistant Director | Fort Pierce Beauty Academy

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

Data shows that students paid $3,670 on average to attend higher education courses at the time, $19 more than the previous school year.

Among the four institutions in the county, Aviator College of Aeronautical Science and Technology stood out with the highest tuition fees, reaching an average of $29,450. The Fort Pierce Beauty Academy followed with an average of $19,080 per year. Indian River State College students were offered the lowest annual tuition fees at $2,838.

At the time, a total of $8.3 million in grants or scholarships were awarded to full-time undergraduates who started at the St. Lucie County universities in the 2022-23 school year. Additionally, federal student loans reached $1.2 million.

Currently there are four higher education institutions in St. Lucie County, including Indian River State College, Fort Pierce Beauty Academy, and Fortis Institute-Port Saint Lucie.

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 St. Lucie 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
Indian River State College1,383$7,754,080$5,60741$142,909$3,486
Aviator College of Aeronautical Science and Technology26$129,183$4,96943$423,120$9,840
Fortis Institute-Port Saint Lucie41$288,616$7,03943$358,963$8,348
Fort Pierce Beauty Academy33$105,216$3,18832$254,720$7,960

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