For the 2022-23 school year, tuition at Fortis College-Norfolk rose by 1.3%, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $16,514 this year, which is $209 higher than the $16,305 charged during the 2021-22 academic year.
Approximately 96% of the undergraduate student body at the school are Virginia residents, while around 4% come from other states.
Data indicates that 79% of full-time undergraduates who began their studies at Fortis College-Norfolk in 2022-23 received some form of student financial aid. Specifically, 20 students were awarded grants or scholarships totaling $140,464, and 18 students obtained student loans exceeding $125,063.
Across all undergraduate students, 286 received grants or scholarships amounting to $1.8 million. Additionally, 258 students borrowed $2.1 million in federal student loans.
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 Fortis College-Norfolk 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 | 19 | 68% | $129,934 | $6,839 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 16 | 57% | $10,530 | $658 |
| Grant or scholarship aid total | 20 | 71% | $140,464 | $7,023 |
| Federal student loans | 18 | 64% | $120,193 | $6,677 |
| Other student loans | 0 | 7% | $0 | $0 |
| Student loan aid | 18 | 64% | $125,063 | $6,948 |
| Total student aid | 22 | 79% | $265,527 | $12,069 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
