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Kentuckiana Times

Tuesday, October 15, 2024

Average cost of college went up for students in Clark County in 2022-23 school year

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Dr. Miguel A. Cardona Secretary of Education | Facebook Website

Dr. Miguel A. Cardona Secretary of Education | Facebook Website

College tuition fees rose 1.6% in Clark County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $16,936 on average to attend higher education courses at the time, $263 more than the previous school year.

Among the four institutions in the county, Mid-America College of Funeral Service stood out with the highest tuition fees, reaching an average of $18,000. PJ's College of Cosmetology-Clarksville followed with an average of $17,216 per year. Caris College students were offered the lowest annual tuition fees at $14,100.

At the time, a total of $719,297 in grants or scholarships were awarded to full-time undergraduates who started at the Clark County universities in the 2022-23 school year. Additionally, federal student loans reached $1.3 million.

Currently there are four higher education institutions in Clark County, including PJ's College of Cosmetology-Clarksville, Mid-America College of Funeral Service, and Caris College.

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.

Total Student Aid in Clark County Universities in 2022-23 School Year

InstitutionNumber of Students Receiving GrantsTotal Amount of Grants ReceivedAverage Amount of Grant Per StudentNumber of Students Receiving LoansTotal Amount of Loans ReceivedAverage Amount of Loans Per Student
Mid-America College of Funeral Service35$206,771$5,90843$385,069$8,955
PJ's College of Cosmetology-Clarksville45$230,013$5,11149$360,053$7,348
Ideal Beauty Academy0$0$00$0$0
Caris College84$282,513$3,36367$511,567$7,635

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