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Pasco Reporter

Tuesday, October 15, 2024

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

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Patrick J. Bené President | Orbund Vision 2025 Conference

Patrick J. Bené President | Orbund Vision 2025 Conference

College tuition fees rose 4.9% in Pasco County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $13,641 on average to attend higher education courses at the time, $635 more than the previous school year.

Among the five institutions in the county, Saint Leo University stood out with the highest tuition fees, reaching an average of $27,050. The Bene's Career Academy followed with an average of $16,950 per year. Pasco-Hernando State College students were offered the lowest annual tuition fees at $3,244.

At the time, a total of $23.7 million in grants or scholarships were awarded to full-time undergraduates who started at the Pasco County universities in the 2022-23 school year. Additionally, federal student loans reached $4.6 million.

Currently there are five higher education institutions in Pasco County, including Pasco-Hernando State College, Fred K Marchman Technical College, and Bene's Career Academy.

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 Pasco 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
Bene's Career Academy150$614,806$4,099148$830,987$5,615
Pasco-Hernando State College621$3,527,980$5,68169$309,237$4,482
Trinity College of Florida32$152,235$4,75732$170,262$5,321
Saint Leo University868$18,984,090$21,871469$3,259,152$6,949
Fred K Marchman Technical College138$388,838$2,8180$0$0

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