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Lafayette Times

Wednesday, November 20, 2024

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

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Mung Chiang, PhD, President | Purdue University Global

Mung Chiang, PhD, President | Purdue University Global

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

Data shows that students paid $16,741 on average to attend higher education courses at the time, $5 more than the previous school year.

Among the six institutions in the county, Saint Elizabeth School of Nursing stood out with the highest tuition fees, reaching an average of $20,064. Purdue University-Main Campus followed with an average of $19,184 per year. Christina and Company Education Center students were offered the lowest annual tuition fees at $12,000.

At the time, a total of $40.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Tippecanoe County universities in the 2022-23 school year. Additionally, federal student loans reached $24.8 million.

Currently there are six higher education institutions in Tippecanoe County, including Purdue University Global, Tricoci University of Beauty Culture-Lafayette, and Purdue University-Main Campus.

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 Tippecanoe 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
Purdue University-Main Campus3,627$40,352,851$11,1262,662$23,961,399$9,001
Christina and Company Education Center8$50,412$6,30212$88,000$7,333
Saint Elizabeth School of Nursing0$0$00$0$0
Purdue University Global8$78,543$9,8180$0$0
Ross Medical Education Center-Lafayette40$216,363$5,40946$473,006$10,283
Tricoci University of Beauty Culture-Lafayette25$163,412$6,53634$273,699$8,050

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