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 $14,726 on average to attend higher education courses at the time, $105 more than the previous school year.
Among the three institutions providing full disclosure in the county, Aveda Fredric's Institute-Indianapolis stood out with the highest tuition fees, reaching an average of $20,550. Tricoci University of Beauty Culture-Indianapolis followed with an average of $13,184 per year. Union Bible College students were offered the lowest annual tuition fees at $6,230.
At the time, at least $552,816 in grants or scholarships were awarded to full-time undergraduates who started at the Hamilton County universities in the 2022-23 school year. Additionally, federal student loans reached more than $679,517.
Currently there are four higher education institutions in Hamilton County, including Indiana Wellness College, Aveda Fredric's Institute-Indianapolis, and Tricoci University of Beauty Culture-Indianapolis.
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 four institutions in Hamilton County, Indiana Wellness College did not provide detailed data on tuition fees.
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 |
|---|---|---|---|---|---|---|
| Indiana Wellness College | -- | -- | -- | -- | -- | -- |
| Union Bible College | 23 | $158,021 | $6,870 | 0 | $0 | $0 |
| Aveda Fredric's Institute-Indianapolis | 37 | $216,798 | $5,859 | 48 | $433,707 | $9,036 |
| Tricoci University of Beauty Culture-Indianapolis | 28 | $177,997 | $6,357 | 31 | $245,810 | $7,929 |
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