Quantcast

Anoka Times

Saturday, September 28, 2024

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

Webp v5vfeil0wfbqjr3fsdiic4kyap5f

Kent Hanson, President | Anoka Technical College

Kent Hanson, President | Anoka Technical College

College tuition fees rose 2.3% in Anoka County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $5,872 on average to attend higher education courses at the time, $131 more than the previous school year.

Among the three institutions in the county, Empire Beauty School-Spring Lake Park stood out with the highest tuition fees, reaching an average of $20,538. Anoka Technical College followed with an average of $6,075 per year. Anoka-Ramsey Community College students were offered the lowest annual tuition fees at $5,655.

At the time, a total of $2.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Anoka County universities in the 2022-23 school year. Additionally, federal student loans reached $1.2 million.

Currently there are three higher education institutions in Anoka County, including Anoka-Ramsey Community College, Anoka Technical College, and Empire Beauty School-Spring Lake Park.

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 Anoka 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
Anoka-Ramsey Community College325$1,741,638$5,359139$636,764$4,581
Anoka Technical College89$518,908$5,83057$296,334$5,199
Empire Beauty School-Spring Lake Park39$208,231$5,33936$295,250$8,201

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS