Ronald S. Rochon President | University of Southern Indiana
Ronald S. Rochon President | University of Southern Indiana
Data shows that students paid $17,593 on average to attend higher education courses at the time, $1,345 more than the previous school year.
Among the five institutions in the county, the University of Evansville stood out with the highest tuition fees, reaching an average of $41,336. Rogers Academy of Hair Design followed with an average of $18,850 per year. The University of Southern Indiana students were offered the lowest annual tuition fees at $12,035.
At the time, a total of $22.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Vanderburgh County universities in the 2022-23 school year. Additionally, federal student loans reached $5.4 million.
Currently there are five higher education institutions in Vanderburgh County, including University of Southern Indiana, University of Evansville, and The Salon Professional Academy-Evansville.
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 |
|---|---|---|---|---|---|---|
| The Salon Professional Academy-Evansville | 27 | $139,260 | $5,158 | 27 | $166,316 | $6,160 |
| University of Evansville | 377 | $13,067,019 | $34,661 | 213 | $1,612,484 | $7,570 |
| Rogers Academy of Hair Design | 27 | $132,198 | $4,896 | 34 | $236,617 | $6,959 |
| Ross Medical Education Center-Evansville | 25 | $143,218 | $5,729 | 27 | $271,333 | $10,049 |
| University of Southern Indiana | 1,213 | $9,285,852 | $7,655 | 512 | $3,078,432 | $6,013 |
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