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Houma Thibodaux News

Thursday, November 21, 2024

Students paid more for higher education in Terrebonne Parish in 2022-23 school year

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Kristine Strickland Chancellor of Fletcher Technical Community College | LinkedIn

Kristine Strickland Chancellor of Fletcher Technical Community College | LinkedIn

College tuition fees rose 0.9% in Terrebonne Parish in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $5,425 on average to attend higher education courses at the time, $49 more than the previous school year.

Among the five institutions in the county, Omega Institute of Cosmetology stood out with the highest tuition fees, reaching an average of $16,400. Unitech Training Academy-Houma followed with an average of $15,495 per year. Fletcher Technical Community College students were offered the lowest annual tuition fees at $4,119.

At the time, a total of $3.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Terrebonne Parish universities in the 2022-23 school year. Additionally, federal student loans reached $2.6 million.

Currently there are five higher education institutions in Terrebonne Parish, including Omega Institute of Cosmetology, Williams Technical College, and Fletcher Technical Community College.

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 Terrebonne Parish 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
Fletcher Technical Community College257$1,505,445$5,85890$525,589$5,840
Unitech Training Academy-Houma185$770,657$4,166185$1,120,175$6,055
Omega Institute of Cosmetology25$153,566$6,14326$184,575$7,099
LaSalle Tech136$602,374$4,429133$692,455$5,206
Williams Technical College22$99,324$4,51522$71,741$3,261

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