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Saturday, September 28, 2024

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

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Cindy Marten, Deputy Secretary of Education | https://upload.wikimedia.org/wikipedia/commons/a/a0/Cindy_Marten%2C_Deputy_Secretary_of_Education_2.jpg

Cindy Marten, Deputy Secretary of Education | https://upload.wikimedia.org/wikipedia/commons/a/a0/Cindy_Marten%2C_Deputy_Secretary_of_Education_2.jpg

College tuition fees rose 2.8% in New Castle County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $24,219 on average to attend higher education courses at the time, $657 more than the previous school year.

Among the seven institutions providing full disclosure in the county, the University of Delaware stood out with the highest tuition fees, reaching an average of $30,347. Delaware College of Art and Design followed with an average of $29,500 per year. Wilmington University students were offered the lowest annual tuition fees at $12,030.

At the time, at least $57.6 million in grants or scholarships were awarded to full-time undergraduates who started at the New Castle County universities in the 2022-23 school year. Additionally, federal student loans reached more than $31.3 million.

Currently there are eight higher education institutions in New Castle County, including Delaware College of Art and Design, University of Delaware, and Paul Mitchell the School-Delaware.

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.

Of the eight institutions in New Castle County, Academy of Massage and Bodywork did not provide detailed data on tuition fees.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in New Castle 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
Academy of Massage and Bodywork------------
Goldey-Beacom College90$702,742$7,80837$252,629$6,828
Paul Mitchell the School-Delaware11$64,897$5,90014$125,665$8,976
Schilling-Douglas School of Hair Design39$149,973$3,84546$197,630$4,296
Hair Academy School of Barbering & Beauty10$33,943$3,39410$28,661$2,866
Delaware College of Art and Design62$843,236$13,60142$364,551$8,680
Wilmington University97$534,194$5,507104$314,062$3,020
University of Delaware4,255$55,299,609$12,9962,773$29,995,742$10,817

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