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Thursday, November 21, 2024

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

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Robert O. Painter, Founder of Central Texas Beauty College-Round Rock | Central Texas Beauty College-Round Rock

Robert O. Painter, Founder of Central Texas Beauty College-Round Rock | Central Texas Beauty College-Round Rock

College tuition fees rose 2.9% in Williamson County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $34,743 on average to attend higher education courses at the time, $992 more than the previous school year.

Among the five institutions in the county, Southwestern University stood out with the highest tuition fees, reaching an average of $48,650. South University-Austin followed with an average of $17,014 per year. Central Texas Beauty College-Round Rock students were offered the lowest annual tuition fees at $8,550.

At the time, a total of $15.4 million in grants or scholarships were awarded to full-time undergraduates who started at the Williamson County universities in the 2022-23 school year. Additionally, federal student loans reached $3.5 million.

Currently there are five higher education institutions in Williamson County, including Galen Health Institutes-Austin Campus, The Salon Professional Academy-Georgetown, and South University-Austin.

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 Williamson 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
Central Texas Beauty College-Round Rock121$412,000$3,4050$0$0
Galen Health Institutes-Austin Campus85$539,193$6,343108$1,072,220$9,928
The Salon Professional Academy-Georgetown25$138,385$5,53534$234,447$6,896
South University-Austin16$102,079$6,38012$89,982$7,499
Southwestern University430$14,170,981$32,956199$2,091,076$10,508

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