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Thursday, November 21, 2024

Average cost of college increased for students in Clark County in 2022-23 school year

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Cody Hernandez, Director at Milan Institute | LinkedIn

Cody Hernandez, Director at Milan Institute | LinkedIn

College tuition fees rose 3% in Clark County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $8,631 on average to attend higher education courses at the time, $254 more than the previous school year.

Among the 21 institutions providing full disclosure in the county, the L Makeup Institute stood out with the highest tuition fees, reaching an average of $22,525. Arizona College of Nursing-Las Vegas followed with an average of $21,653 per year. The College of Southern Nevada students were offered the lowest annual tuition fees at $4,047.

At the time, at least $68.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Clark County universities in the 2022-23 school year. Additionally, federal student loans reached more than $40.8 million.

Currently there are 25 higher education institutions in Clark County, including Chamberlain University-Nevada, Academy of Hair Design-Las Vegas, and Milan Institute-Las Vegas.

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.

Of the 25 institutions in Clark County, four did not provide detailed data on tuition fees, including Advanced Training Institute, University of Phoenix-Nevada, and Touro University Nevada.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Clark 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
L Makeup Institute45$182,047$4,04559$386,944$6,558
Chamberlain University-Nevada0$0$05$90,610$18,122
College of Southern Nevada2,314$12,953,177$5,598305$1,074,436$3,523
Aviation Institute of Maintenance-Las Vegas20$123,600$6,18018$145,000$8,056
Euphoria Institute of Beauty Arts & Sciences-Summerlin456$1,450,549$3,181403$1,971,614$4,892
University of Nevada-Las Vegas3,787$28,703,804$7,5801,043$6,579,422$6,308
Academy of Hair Design-Las Vegas168$740,898$4,410196$1,343,274$6,853
Nevada Career Institute168$656,805$3,910188$1,001,834$5,329
Medspa Academies-National Institute of Modern Aesthetics95$481,907$5,073121$1,024,178$8,464
University of Phoenix-Nevada------------
Milan Institute-Las Vegas187$668,931$3,577153$771,566$5,043
Las Vegas College53$281,339$5,30873$991,227$13,578
Avalon Institute-Las Vegas187$1,076,452$5,756178$975,905$5,483
Advanced Training Institute------------
Nevada State University316$2,414,836$7,64238$176,174$4,636
United Education Institute-Las Vegas609$3,270,490$5,370623$6,186,119$9,930
Pima Medical Institute-Las Vegas277$1,323,659$4,779330$2,952,267$8,946
Casal Institute of Nevada162$708,239$4,372142$1,041,066$7,331
Carrington College-Las Vegas102$437,334$4,288110$946,710$8,606
Arizona College of Nursing-Las Vegas11$72,266$6,57021$207,055$9,860
DeVry University-Nevada------------
Northwest Career College1,716$12,657,664$7,3761,561$12,662,359$8,112
Touro University Nevada------------
Roseman University of Health Sciences------------
Paul Mitchell the School-Las Vegas21$98,272$4,68028$228,834$8,173

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