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Friday, September 27, 2024

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

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Dr. Frederick (Fred) K. Whitt, President | Lenoir-Rhyne University

Dr. Frederick (Fred) K. Whitt, President | Lenoir-Rhyne University

College tuition fees rose 3.1% in Catawba County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $13,304 on average to attend higher education courses at the time, $402 more than the previous school year.

Among the two institutions in the county, Lenoir-Rhyne University stood out with the highest tuition fees, reaching an average of $43,000. Catawba Valley Community College followed with an average of $2,421 per year.

At the time, a total of $14.6 million in grants or scholarships were awarded to full-time undergraduates who started at the Catawba County universities in the 2022-23 school year. Additionally, federal student loans reached $1.6 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 Catawba 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
Lenoir-Rhyne University373$12,635,128$33,874216$1,641,765$7,601
Catawba Valley Community College189$2,004,111$10,6040$0$0

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