Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html
Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html
Data shows that students paid $3,578 on average to attend higher education courses at the time, $16 more than the previous school year.
Among the four institutions in the county, Milan Institute-Amarillo stood out with the highest tuition fees, reaching an average of $16,366. Exposito School of Hair Design followed with an average of $13,020 per year. Amarillo College students were offered the lowest annual tuition fees at $3,183.
At the time, a total of $4.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Potter County universities in the 2022-23 school year. Additionally, federal student loans reached $2 million.
Currently there are four higher education institutions in Potter County, including Amarillo College, Exposito School of Hair Design, and Milan Institute-Amarillo.
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 |
|---|---|---|---|---|---|---|
| Exposito School of Hair Design | 11 | $62,345 | $5,668 | 12 | $85,558 | $7,130 |
| Wade Gordon Hairdressing Academy | 81 | $508,594 | $6,279 | 96 | $723,770 | $7,539 |
| Milan Institute-Amarillo | 201 | $768,273 | $3,822 | 191 | $991,814 | $5,193 |
| Amarillo College | 744 | $3,587,659 | $4,822 | 61 | $241,305 | $3,956 |
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