Tuition rates for Washington residents at Peninsula College rose by 2.8% during the 2022-23 school year, based on the most recent figures available, according to the latest disclosure from the National Center for Education Statistics.
Washington residents paid $4,439 to attend the four-year public institution this year, an increase of $122 from the $4,317 charged in the 2021-22 academic year.
Non-resident tuition was 10.8% higher than that of residents in the 2022-23 school year, amounting to $4,919. This represents a 2.9% increase from the $4,779 charged in 2021-22.
Approximately 91% of the undergraduate student body at the college are Washington residents, while the remaining 9% come from other states.
Data indicates that 78% of full-time undergraduates who began studies at Peninsula College in 2022-23 received some form of financial aid. Specifically, 110 students were awarded grants or scholarships totaling $842,792, and 11 students obtained student loans exceeding $87,088.
Across the entire undergraduate population, 741 students received grants or scholarships amounting to $6.3 million. Additionally, 118 students borrowed $861,318 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 74 | 46% | $364,887 | $4,931 |
| State / local grant or scholarship | 84 | 52% | $364,235 | $4,336 |
| Institutional grants or scholarships | 37 | 23% | $113,670 | $3,072 |
| Grant or scholarship aid total | 110 | 68% | $842,792 | $7,662 |
| Federal student loans | 10 | 6% | $61,226 | $6,123 |
| Other student loans | 0 | 1% | $0 | $0 |
| Student loan aid | 11 | 7% | $87,088 | $7,917 |
| Total student aid | 126 | 78% | $929,880 | $7,380 |
