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Wednesday, October 16, 2024

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

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Dr. Mark J. Rudin President | Texas A & M University-Commerce

Dr. Mark J. Rudin President | Texas A & M University-Commerce

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

Data shows that students paid $10,317 on average to attend higher education courses at the time, $4 more than the previous school year.

Among the two institutions in the county, Bella Cosmetology and Barber College stood out with the highest tuition fees, reaching an average of $15,600. Texas A & M University-Commerce followed with an average of $10,276 per year.

At the time, a total of $9.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Hunt County universities in the 2022-23 school year. Additionally, federal student loans reached $2.4 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 Hunt 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
Texas A & M University-Commerce776$8,980,748$11,573409$2,147,489$5,251
Bella Cosmetology and Barber College37$173,047$4,67746$247,347$5,377

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