Tuition for California residents attending Folsom Lake College did not change for the 2022-23 school year, as indicated by the most recent figures, according to the latest disclosure from the National Center for Education Statistics.
California residents paid $1,288 to attend the two-year public college in both the 2021-22 and 2022-23 academic years.
Non-resident students faced tuition costs 736% higher than those for residents in 2022-23, amounting to $10,768. This represented a 5.9% increase from the $10,168 charged in 2021-22.
Approximately 98% of the undergraduate student body at Folsom Lake College are California residents.
Data reveals that 74% of full-time undergraduates who began studies at Folsom Lake College in 2022-23 received some form of financial aid. A total of 518 students were awarded grants or scholarships amounting to $2.4 million, while six students borrowed more than $30,288 in student loans.
Across all undergraduates, 4,688 students benefited from grants or scholarships totaling $13.2 million. Additionally, 169 students took out federal student loans totaling $1.2 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 190 | 27% | $1.4 million | $7,383 |
| State / local grant or scholarship | 516 | 74% | $966,948 | $1,874 |
| Institutional grants or scholarships | 26 | 4% | $13,025 | $501 |
| Grant or scholarship aid total | 518 | 74% | $2.4 million | $4,600 |
| Federal student loans | 6 | 1% | $30,288 | $5,048 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 6 | 1% | $30,288 | $5,048 |
| Total student aid | 519 | 74% | $2.4 million | $4,649 |
