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Laredo Times

Thursday, November 21, 2024

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

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Dr. Pablo Arenaz, President | Texas A & M International University

Dr. Pablo Arenaz, President | Texas A & M International University

College tuition fees rose 0.1% in Webb County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $5,967 on average to attend higher education courses at the time, $4 more than the previous school year.

Among the five institutions in the county, the The Professional Cosmetology Academy stood out with the highest tuition fees, reaching an average of $8,850. Laredo CHI Academy Beauty School followed with an average of $8,311 per year. Laredo College students were offered the lowest annual tuition fees at $4,500.

At the time, at least $19.4 million in grants or scholarships were awarded to full-time undergraduates who started at the Webb County universities in the 2022-23 school year. Additionally, federal student loans reached more than $902,193.

Currently there are five higher education institutions in Webb County, including Laredo Beauty College Inc, Laredo College, and Texas A & M International University.

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 Webb 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
Laredo CHI Academy Beauty School23$146,803$6,3830$0$0
Laredo Beauty College Inc------------
The Professional Cosmetology Academy27$146,388$5,42222$125,001$5,682
Laredo College811$4,995,746$6,1600$0$0
Texas A & M International University1,267$14,097,861$11,127187$777,192$4,156

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