According to the latest figures, tuition at South Texas Vocational Technical Institute-Weslaco decreased by 0.6% for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $20,663 this year, which is $127 less than the $20,790 charged in the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents of Texas.
Data indicates that 94% of full-time undergraduates who began their studies at South Texas Vocational Technical Institute-Weslaco in 2022-23 received some form of financial aid. A total of 240 students were awarded grants or scholarships amounting to $1.4 million, while 231 students obtained student loans exceeding $1.8 million.
Across all undergraduate students, 606 received grants or scholarships totaling $2.9 million. Additionally, 574 students borrowed $3.5 million in federal student loans.
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.
The following data includes only full-time students who began an undergraduate program at the the South Texas Vocational Technical Institute-Weslaco in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 240 | 90% | $1.4 million | $5,928 |
| State / local grant or scholarship | 83 | 31% | $23,350 | $281 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 240 | 90% | $1.4 million | $6,025 |
| Federal student loans | 231 | 87% | $1.7 million | $7,419 |
| Other student loans | 90 | 34% | $72,686 | $808 |
| Student loan aid | 231 | 87% | $1.8 million | $7,734 |
| Total student aid | 251 | 94% | $3.2 million | $12,878 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
