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Tuesday, October 15, 2024

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

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Franklin K. Schoeneman Chairman | Empire Beauty School-Charlotte

Franklin K. Schoeneman Chairman | Empire Beauty School-Charlotte

College tuition fees rose 2.5% in Mecklenburg County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $10,402 on average to attend higher education courses at the time, $256 more than the previous school year.

Among the 13 institutions in the county, Davidson College stood out with the highest tuition fees, reaching an average of $57,340. Queens University of Charlotte followed with an average of $40,830 per year. Central Piedmont Community College students were offered the lowest annual tuition fees at $2,924.

At the time, at least $64.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Mecklenburg County universities in the 2022-23 school year. Additionally, federal student loans reached more than $20.5 million.

Currently there are 13 higher education institutions in Mecklenburg County, including Queens University of Charlotte, Johnson C Smith University, and Davidson College.

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 Mecklenburg 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
Empire Beauty School-Pineville30$163,756$5,45932$247,384$7,731
Johnson & Wales University-Charlotte388$10,270,727$26,471325$2,987,609$9,193
Johnson C Smith University254$3,780,296$14,883162$1,030,947$6,364
Chamberlain University-North Carolina0$0$00$0$0
Charlotte Christian College and Theological Seminary------------
Davidson College352$17,373,019$49,35559$498,342$8,446
Aviation Institute of Maintenance-Charlotte18$77,488$4,30520$169,269$8,463
Central Piedmont Community College627$4,352,462$6,94210$102,282$10,228
No Grease Barber School10$37,580$3,75810$53,687$5,369
University of North Carolina at Charlotte2,350$19,153,373$8,1501,875$13,925,516$7,427
Queens University of Charlotte297$8,824,790$29,713119$1,100,490$9,248
Empire Beauty School-Charlotte50$253,122$5,06241$343,750$8,384
Carolinas College of Health Sciences------------

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