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

College tuition fees rose 4.1% in Boone County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $19,273 on average to attend higher education courses at the time, $751 more than the previous school year.

Among the four institutions in the county, Stephens College stood out with the highest tuition fees, reaching an average of $25,586. Columbia College followed with an average of $24,326 per year. Paul Mitchell the School-Missouri Columbia students were offered the lowest annual tuition fees at $15,750.

At the time, a total of $53.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Boone County universities in the 2022-23 school year. Additionally, federal student loans reached $20.3 million.

Currently there are four higher education institutions in Boone County, including Columbia College, University of Missouri-Columbia, and Stephens 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.