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Reno Reporter

Thursday, November 21, 2024

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

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Dr. Miguel A. Cardona Secretary of Education | Official website

Dr. Miguel A. Cardona Secretary of Education | Official website

College tuition fees rose 4.5% in Washoe County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $10,488 on average to attend higher education courses at the time, $447 more than the previous school year.

Among the eight institutions in the county, Carrington College-Reno stood out with the highest tuition fees, reaching an average of $56,400. Career College of Northern Nevada followed with an average of $26,124 per year. Truckee Meadows Community College students were offered the lowest annual tuition fees at $3,312.

At the time, a total of $25.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Washoe County universities in the 2022-23 school year. Additionally, federal student loans reached $11.1 million.

Currently there are eight higher education institutions in Washoe County, including Career College of Northern Nevada, International Academy of Style, and Milan Institute of Cosmetology-Reno.

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 Washoe 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
Milan Institute of Cosmetology-Reno202$717,126$3,550228$1,091,929$4,789
Career College of Northern Nevada137$560,331$4,090162$924,294$5,706
Truckee Meadows Community College634$3,156,120$4,97821$122,425$5,830
Milan Institute-Sparks78$298,161$3,82383$438,426$5,282
Carrington College-Reno40$127,830$3,19648$457,866$9,539
Paul Mitchell the School-Reno27$168,519$6,24130$229,097$7,637
University of Nevada-Reno2,989$19,901,738$6,6581,089$7,416,495$6,810
International Academy of Style59$306,365$5,19359$383,969$6,508

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