Cost of education increases for all students at Southern Careers Institute-Pharr in 2022-23 school year

Nikki England President - Linkedin
Nikki England President - Linkedin
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Tuition fees at Southern Careers Institute-Pharr rose by 6.5% for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the two-year private for-profit college paid $17,900 this year, which is $1,100 higher than the $16,800 tuition charged during the 2021-22 academic year.

The entire undergraduate student body at the institution consists of residents of Texas.

Data indicates that 96% of full-time undergraduates who began their studies at Southern Careers Institute-Pharr in 2022-23 received some form of student financial aid. A total of 402 students were awarded grants or scholarships amounting to $1.9 million, while 341 students obtained student loans exceeding $2.2 million.

Across the full undergraduate population, 824 students benefited from grants or scholarships totaling $3.4 million. Additionally, 668 students borrowed $4.1 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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the the Southern Careers Institute-Pharr in the 2022-23 school year.

Type of AidNumber of students awarded aidPercent awarded aidTotal amount of aid awardedAverage amount of aid per student
Federal grants39892%$1.8 million$4,508
State / local grant or scholarship00%$0$0
Institutional grants or scholarships8018%$127,193$1,590
Grant or scholarship aid total40293%$1.9 million$4,780
Federal student loans34179%$2.2 million$6,416
Other student loans00%$0$0
Student loan aid34179%$2.2 million$6,433
Total student aid41896%$4.1 million$9,844
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



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