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Pensacola Times

Tuesday, October 15, 2024

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

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Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.

Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.

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

Data shows that students paid $5,915 on average to attend higher education courses at the time, less than the $1 charged for the previous school year.

Among the six institutions in the county, Fortis Institute-Pensacola stood out with the highest tuition fees, reaching an average of $14,754. Pensacola School of Massage Therapy & Health Careers followed with an average of $12,630 per year. Pensacola State College students were offered the lowest annual tuition fees at $2,724.

At the time, a total of $15.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Escambia County universities in the 2022-23 school year. Additionally, federal student loans reached $2.5 million.

Currently there are six higher education institutions in Escambia County, including Fortis Institute-Pensacola, Adrian H. Wallace Barber Academy, and George Stone Technical 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 Escambia 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
The University of West Florida860$9,475,453$11,018273$1,719,362$6,298
Pensacola State College624$4,126,869$6,61462$234,528$3,783
George Stone Technical College295$1,019,337$3,4550$0$0
Pensacola School of Massage Therapy & Health Careers36$184,862$5,13532$164,235$5,132
Adrian H. Wallace Barber Academy22$136,401$6,20019$189,750$9,987
Fortis Institute-Pensacola40$237,323$5,93331$212,940$6,869

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