The Fortis Institute-Scranton reported a 43.7% decrease in tuition fees for the 2022-23 school year, as revealed in the latest figures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit college paid $15,880 this year, a reduction of $12,310 from the $28,190 tuition charged in the 2021-22 academic year.
All undergraduate students at the institution are residents of Pennsylvania.
Data indicates that every full-time undergraduate who began studies at Fortis Institute-Scranton in 2022-23 received some form of student financial aid. Specifically, 33 students were awarded grants or scholarships totaling $262,723, while 35 students obtained student loans exceeding $247,888.
Across the entire undergraduate body, 174 students benefited from grants or scholarships amounting to $1.3 million. Additionally, 164 students secured federal student loans totaling $1.2 million.
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.
The following data includes only full-time students who began an undergraduate program at the the Fortis Institute-Scranton in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 33 | 87% | $220,383 | $6,678 |
| State / local grant or scholarship | 8 | 21% | $41,765 | $5,221 |
| Institutional grants or scholarships | 0 | 3% | $0 | $0 |
| Grant or scholarship aid total | 33 | 87% | $262,723 | $7,961 |
| Federal student loans | 35 | 92% | $239,388 | $6,840 |
| Other student loans | 0 | 5% | $0 | $0 |
| Student loan aid | 35 | 92% | $247,888 | $7,083 |
| Total student aid | 38 | 100% | $510,611 | $13,437 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
