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Thursday, November 14, 2024

Students paid more for higher education in Howard County in 2022-23 school year

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Dr. Rita Gulstad CMU Provost | Central Methodist University-College of Graduate and Extended Studies

Dr. Rita Gulstad CMU Provost | Central Methodist University-College of Graduate and Extended Studies

College tuition fees rose 2.9% in Howard County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $12,566 on average to attend higher education courses at the time, $360 more than the previous school year.

Among the two institutions in the county, Central Methodist University-College of Liberal Arts and Sciences stood out with the highest tuition fees, reaching an average of $27,140. Central Methodist University-College of Graduate and Extended Studies followed with an average of $6,960 per year.

At the time, a total of $5.6 million in grants or scholarships were awarded to full-time undergraduates who started at the Howard County universities in the 2022-23 school year. Additionally, federal student loans reached $1.4 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.

Total Student Aid in Howard 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
Central Methodist University-College of Liberal Arts and Sciences292$5,622,536$19,255186$1,449,827$7,795
Central Methodist University-College of Graduate and Extended Studies0$0$00$0$0

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