The New Castle School of Trades saw a tuition hike of 6.9% for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the two-year private for-profit institution paid $22,176 this year, which is $1,440 higher than the $20,736 tuition charged during the 2021-22 academic year.
Approximately 53% of the undergraduate student body at the school are Pennsylvania residents, while about 47% come from other states.
Data indicates that 75% of full-time undergraduates who began studies at New Castle School of Trades in 2022-23 received some form of student financial aid. Specifically, 219 students were awarded grants or scholarships totaling $1.4 million, and 216 students secured student loans amounting to more than $1.4 million.
Across the entire undergraduate population, 589 students received grants or scholarships totaling $3.3 million. Additionally, 502 students obtained federal student loans totaling $3.2 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 New Castle School of Trades 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 | 214 | 61% | $1.3 million | $5,877 |
| State / local grant or scholarship | 27 | 8% | $111,679 | $4,136 |
| Institutional grants or scholarships | 0 | 1% | $0 | $0 |
| Grant or scholarship aid total | 219 | 63% | $1.4 million | $6,373 |
| Federal student loans | 216 | 62% | $1.4 million | $6,417 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 216 | 62% | $1.4 million | $6,417 |
| Total student aid | 263 | 75% | $2.8 million | $10,576 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
