Quantcast

WC Minnesota News

Friday, November 22, 2024

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

Webp 1fjef8wnwcake1qnidre22815yk1

Timothy (Tim) Downs, Ph.D., M.A., B.A. President | Minnesota State University Moorhead

Timothy (Tim) Downs, Ph.D., M.A., B.A. President | Minnesota State University Moorhead

College tuition fees rose 5.2% in Clay County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $16,379 on average to attend higher education courses at the time, $812 more than the previous school year.

Among the two institutions in the county, Concordia College at Moorhead stood out with the highest tuition fees, reaching an average of $28,916. Minnesota State University Moorhead followed with an average of $10,236 per year.

At the time, a total of $11.4 million in grants or scholarships were awarded to full-time undergraduates who started at the Clay County universities in the 2022-23 school year. Additionally, federal student loans reached $6.8 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 Clay 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
Minnesota State University Moorhead576$3,523,474$6,117406$3,765,068$9,274
Concordia College at Moorhead444$7,827,980$17,631268$2,991,964$11,164

!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