The cost of in-state tuition at Monterey Peninsula College rose by 0.8% during the 2022-23 school year, based on the latest figures released, according to the latest disclosure from the National Center for Education Statistics.
California residents paid $1,188 to attend the two-year public college this year, an increase of $10 from the $1,178 charged in the 2021-22 academic year.
Non-resident students faced tuition fees 604% higher than those for residents in 2022-23, amounting to $8,364. This represents a 2.8% increase from $8,138 in the previous year.
Approximately 94% of the undergraduate student body at Monterey Peninsula College are California residents, while international students make up about 2%.
Data indicates that 82% of full-time undergraduates who enrolled in 2022-23 received some form of financial aid. A total of 403 students were awarded grants or scholarships totaling $2.6 million, and nine students borrowed more than $58,154 in student loans.
Across all undergraduates, 2,705 students received grants or scholarships amounting to $14.4 million. Additionally, 73 students took out federal student loans totaling $554,213.
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 Monterey Peninsula College 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 | 250 | 51% | $1.6 million | $6,492 |
| State / local grant or scholarship | 389 | 79% | $966,330 | $2,484 |
| Institutional grants or scholarships | 50 | 10% | $58,091 | $1,162 |
| Grant or scholarship aid total | 403 | 82% | $2.6 million | $6,569 |
| Federal student loans | 9 | 2% | $58,154 | $6,462 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 9 | 2% | $58,154 | $6,462 |
| Total student aid | 405 | 82% | $2.7 million | $6,680 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
