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East Volusia News

Thursday, November 21, 2024

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

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Cindy Marten, Deputy Secretary of Education | https://upload.wikimedia.org/wikipedia/commons/a/a0/Cindy_Marten%2C_Deputy_Secretary_of_Education_2.jpg

Cindy Marten, Deputy Secretary of Education | https://upload.wikimedia.org/wikipedia/commons/a/a0/Cindy_Marten%2C_Deputy_Secretary_of_Education_2.jpg

College tuition fees rose 3.2% in Volusia County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $19,930 on average to attend higher education courses at the time, $622 more than the previous school year.

Among the eight institutions in the county, Stetson University stood out with the highest tuition fees, reaching an average of $52,320. Embry-Riddle Aeronautical University-Daytona Beach followed with an average of $40,564 per year. Daytona State College students were offered the lowest annual tuition fees at $3,373.

At the time, a total of $83.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Volusia County universities in the 2022-23 school year. Additionally, federal student loans reached $27.3 million.

Currently there are eight higher education institutions in Volusia County, including Stetson University, Installer Institute, and Daytona State College.

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 Volusia 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
International Academy21$77,136$3,67321$114,989$5,476
Embry-Riddle Aeronautical University-Worldwide43$164,782$3,83210$59,644$5,964
Daytona State College685$4,271,364$6,236243$873,070$3,593
Bethune-Cookman University939$14,192,014$15,114813$5,312,704$6,535
Daytona College49$189,521$3,86852$227,443$4,374
Stetson University665$31,277,672$47,034363$2,841,935$7,829
Embry-Riddle Aeronautical University-Daytona Beach1,791$32,993,633$18,4221,005$17,778,208$17,690
Installer Institute20$137,900$6,8958$91,258$11,407

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