The cost of tuition at Pima Medical Institute-Renton rose by 4.5% for the 2022-23 school year, based on the most recent figures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled in the two-year private for-profit institution paid $17,333 this year, which is $744 higher than the $16,589 charged in the 2021-22 academic year.
Approximately 99% of the undergraduate student body at the school are residents of Washington, with about 1% coming from other states.
Data indicates that 83% of full-time undergraduates who began studies at Pima Medical Institute-Renton in 2022-23 received some form of financial aid. A total of 136 students were awarded grants or scholarships amounting to $665,709, while 196 students took out loans exceeding $1.6 million.
When considering all undergraduates, 318 students received grants or scholarships totaling $1.4 million. Additionally, 400 students borrowed $3.1 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 the Pima Medical Institute-Renton 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 | 131 | 51% | $630,569 | $4,814 |
| State / local grant or scholarship | 9 | 3% | $25,640 | $2,849 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 136 | 53% | $665,709 | $4,895 |
| Federal student loans | 195 | 76% | $1.4 million | $7,378 |
| Other student loans | 12 | 5% | $148,253 | $12,354 |
| Student loan aid | 196 | 76% | $1.6 million | $8,097 |
| Total student aid | 215 | 83% | $2.3 million | $10,477 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
