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Thursday, November 21, 2024

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

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Lori Kloos President | St Cloud Technical and Community College

Lori Kloos President | St Cloud Technical and Community College

College tuition fees rose 4.4% in Stearns County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $16,577 on average to attend higher education courses at the time, $702 more than the previous school year.

Among the six institutions in the county, Saint Johns University stood out with the highest tuition fees, reaching an average of $52,164. The College of Saint Benedict followed with an average of $52,108 per year. St Cloud Technical and Community College students were offered the lowest annual tuition fees at $6,075.

At the time, a total of $32.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Stearns County universities in the 2022-23 school year. Additionally, federal student loans reached $8.9 million.

Currently there are six higher education institutions in Stearns County, including Saint Johns University, Model College of Hair Design, and Rasmussen University-Minnesota.

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 Stearns 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
Saint Cloud State University543$3,989,888$7,348314$2,844,925$9,060
Rasmussen University-Minnesota66$510,998$7,74262$605,768$9,770
St Cloud Technical and Community College227$1,279,684$5,637141$772,944$5,482
Model College of Hair Design46$116,760$2,53848$133,846$2,788
Saint Johns University383$14,331,345$37,419238$2,380,905$10,004
College of Saint Benedict324$12,043,989$37,173212$2,152,404$10,153

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