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Thursday, November 21, 2024

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

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Corinthian Carouthers II President | LinkedIn

Corinthian Carouthers II President | LinkedIn

College tuition fees rose 1.5% in Genesee County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $13,029 on average to attend higher education courses at the time, $198 more than the previous school year.

Among the seven institutions in the county, Kettering University stood out with the highest tuition fees, reaching an average of $44,380. Ross Medical Education Center-Flint followed with an average of $16,297 per year. Mott Community College students were offered the lowest annual tuition fees at $5,201.

At the time, at least $15.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Genesee County universities in the 2022-23 school year. Additionally, federal student loans reached more than $4.6 million.

Currently there are seven higher education institutions in Genesee County, including Ross Medical Education Center-Davison, University of Michigan-Flint, and Ross Medical Education Center-Flint.

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 Genesee 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
Mott Community College342$2,018,021$5,901124$473,722$3,820
University of Michigan-Flint458$5,243,133$11,448197$1,200,006$6,091
Ross Medical Education Center-Flint59$356,963$6,05056$539,942$9,642
Ross Medical Education Center-Davison26$130,625$5,02429$308,666$10,644
Creative Hair School of Cosmetology9$61,499$6,8339$100,499$11,167
Sharp's Academy of Hairstyling------------
Kettering University294$7,348,304$24,994149$1,936,323$12,995

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