Tuition for programs at the McAllen Careers Institute rose by 18.1% during the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students paid $17,775 to attend the private for-profit institution this year, which is $2,725 higher than the $15,050 charged in the 2021-22 academic year.
Approximately 97% of the undergraduate students at the school are residents of Texas, while about 3% are international students.
Data indicates that 40% of full-time undergraduates who enrolled at McAllen Careers Institute in 2022-23 received some form of student financial aid. In total, 106 students were awarded grants or scholarships amounting to $522,757, and 100 students obtained student loans exceeding $1 million.
When considering all undergraduate students, 106 individuals received grants or scholarships totaling $576,097. Additionally, 100 students borrowed $1.2 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 79 | 30% | $428,275 | $5,421 |
| State / local grant or scholarship | 5 | 2% | $30,180 | $6,036 |
| Institutional grants or scholarships | 106 | 40% | $64,302 | $607 |
| Grant or scholarship aid total | 106 | 40% | $522,757 | $4,932 |
| Federal student loans | 100 | 38% | $1 million | $10,000 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 100 | 38% | $1 million | $10,000 |
| Total student aid | 106 | 40% | $1.5 million | $14,365 |
