Joshua Marzioli, President | Zippia, Inc.
Data shows that students paid $3,580 on average to attend higher education courses at the time, $428 more than the previous school year.
Among the three institutions in the county, Toni & Guy Hairdressing Academy-Plano stood out with the highest tuition fees, reaching an average of $16,573. The Allgood Beauty Institute followed with an average of $9,375 per year. Collin County Community College District students were offered the lowest annual tuition fees at $3,535.
At the time, a total of $8 million in grants or scholarships were awarded to full-time undergraduates who started at the Collin County universities in the 2022-23 school year. Additionally, federal student loans reached $1.8 million.
Currently there are three higher education institutions in Collin County, including Allgood Beauty Institute, Collin County Community College District, and Toni & Guy Hairdressing Academy-Plano.
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 |
|---|---|---|---|---|---|---|
| Allgood Beauty Institute | 13 | $98,027 | $7,541 | 13 | $91,422 | $7,032 |
| Collin County Community College District | 1,288 | $7,654,016 | $5,943 | 427 | $1,423,101 | $3,333 |
| Toni & Guy Hairdressing Academy-Plano | 41 | $213,444 | $5,206 | 35 | $284,500 | $8,129 |
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