Mun Y. Choi, PhD President | University of Missouri-Columbia
Mun Y. Choi, PhD President | University of Missouri-Columbia
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.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| Stephens College | 72 | $1,398,539 | $19,424 | 50 | $541,351 | $10,827 |
| University of Missouri-Columbia | 4,138 | $48,553,513 | $11,734 | 2,167 | $18,656,222 | $8,609 |
| Paul Mitchell the School-Missouri Columbia | 22 | $124,970 | $5,680 | 28 | $207,907 | $7,425 |
| Columbia College | 262 | $3,817,022 | $14,569 | 144 | $934,251 | $6,488 |
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