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Wednesday, December 18, 2024

Students paid more for higher education in Ingham County in 2022-23 school year

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Kevin M. Guskiewicz President at Michigan State University | Official website

Kevin M. Guskiewicz President at Michigan State University | Official website

College tuition fees rose 3.6% in Ingham County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $18,721 on average to attend higher education courses at the time, $646 more than the previous school year.

Among the five institutions in the county, the Douglas J Aveda Institute stood out with the highest tuition fees, reaching an average of $22,500. Michigan State University followed with an average of $21,441 per year. Lansing Community College students were offered the lowest annual tuition fees at $7,340.

At the time, a total of $80.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Ingham County universities in the 2022-23 school year. Additionally, federal student loans reached $34.8 million.

Currently there are five higher education institutions in Ingham County, including Protege Academy, Lansing Community College, and Douglas J Aveda Institute.

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 Ingham 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
Michigan State University9,276$75,569,905$8,1473,370$30,619,215$9,086
Protege Academy20$110,921$5,54626$160,167$6,160
Douglas J Aveda Institute244$1,246,230$5,108345$3,249,319$9,418
Bayshire Academy of Beauty Craft Inc16$80,097$5,0060$0$0
Lansing Community College499$3,151,031$6,315181$784,329$4,333

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