Cori Haddix, Digital Marketing Specialist at Laurel Business Institute | LinkedIn
Cori Haddix, Digital Marketing Specialist at Laurel Business Institute | LinkedIn
Data shows that students paid $13,366 on average to attend higher education courses at the time, $315 more than the previous school year.
Among the three institutions in the county, Pennsylvania State University-Penn State Fayette- Eberly stood out with the highest tuition fees, reaching an average of $15,451. The Laurel Business Institute followed with an average of $11,470 per year. Fayette County Career & Technical Institute Practical Nursing Program students were offered the lowest annual tuition fees at $9,391.
At the time, a total of $1.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Fayette County universities in the 2022-23 school year. Additionally, federal student loans reached $1.4 million.
Currently there are three higher education institutions in Fayette County, including Laurel Business Institute, Pennsylvania State University-Penn State Fayette- Eberly, and Fayette County Career & Technical Institute Practical Nursing Program.
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.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| Pennsylvania State University-Penn State Fayette- Eberly | 94 | $713,740 | $7,593 | 64 | $426,253 | $6,660 |
| Fayette County Career & Technical Institute Practical Nursing Program | 16 | $104,770 | $6,548 | 20 | $197,933 | $9,897 |
| Laurel Business Institute | 79 | $489,045 | $6,190 | 80 | $774,130 | $9,677 |
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