Tuition at Fortis Institute-Wayne rose by 5.7% for the 2022-23 school year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $22,500 this year, an increase of $1,942 from the $20,558 tuition charged in the 2021-22 academic year.
Approximately 98% of the undergraduate students at the school are residents of New Jersey, while about 2% come from other states.
Data indicates that 99% of full-time undergraduates who began their studies at Fortis Institute-Wayne in 2022-23 received some form of financial aid. In total, 192 students were awarded grants or scholarships amounting to $1.2 million, and 196 students took out loans exceeding $1.6 million.
Among all undergraduate students, 426 received grants or scholarships totaling $2.2 million. Additionally, 411 students obtained federal student loans totaling $2.8 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 the Fortis Institute-Wayne 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 | 190 | 90% | $1.1 million | $5,880 |
| State / local grant or scholarship | 0 | 1% | $0 | $0 |
| Institutional grants or scholarships | 81 | 38% | $37,080 | $458 |
| Grant or scholarship aid total | 192 | 91% | $1.2 million | $6,082 |
| Federal student loans | 195 | 92% | $1.5 million | $7,460 |
| Other student loans | 28 | 13% | $106,297 | $3,796 |
| Student loan aid | 196 | 92% | $1.6 million | $7,965 |
| Total student aid | 209 | 99% | $2.7 million | $13,056 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
