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Friday, September 27, 2024

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

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Anabell Cardona President and CEO | Valley Grande Institute for Academic Studies

Anabell Cardona President and CEO | Valley Grande Institute for Academic Studies

College tuition fees rose 0.2% in Hidalgo County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $7,699 on average to attend higher education courses at the time, $13 more than the previous school year.

Among the 15 institutions in the county, Rio Grande Valley College stood out with the highest tuition fees, reaching an average of $27,400. Valley Grande Institute for Academic Studies followed with an average of $24,451 per year. South Texas College students were offered the lowest annual tuition fees at $4,530.

At the time, at least $70.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Hidalgo County universities in the 2022-23 school year. Additionally, federal student loans reached more than $11.3 million.

Currently there are 15 higher education institutions in Hidalgo County, including Mission Beauty Institute, Vogue College of Cosmetology-McAllen, and Southern Texas Careers 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 Hidalgo 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
UCAS University of Cosmetology Arts & Sciences-La Joya7$20,800$2,9715$8,600$1,720
The College of Health Care Professions-McAllen Campus388$2,221,694$5,726375$2,565,790$6,842
Advanced Barber College and Hair Design148$777,280$5,2520$0$0
Rio Grande Valley College127$657,680$5,179118$735,834$6,236
Southern Texas Careers Academy------------
MCI106$522,757$4,932100$1,000,003$10,000
South Texas Vocational Technical Institute-Weslaco240$1,446,116$6,025231$1,786,450$7,734
The University of Texas Rio Grande Valley4,221$48,461,793$11,481637$2,445,432$3,839
UCAS University of Cosmetology Arts & Sciences-McAllen7$36,460$5,2097$39,805$5,686
GA Beauty & Barber School90$327,170$3,63550$94,551$1,891
Southern Careers Institute-Pharr402$1,921,531$4,780341$2,193,628$6,433
Mission Beauty Institute5$24,469$4,8945$30,924$6,185
Vogue College of Cosmetology-McAllen10$55,081$5,50810$63,893$6,389
Valley Grande Institute for Academic Studies94$595,101$6,33142$275,290$6,555
South Texas College2,089$13,273,928$6,35434$91,307$2,686

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