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Aiken Times

Thursday, November 21, 2024

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

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Dr. Daniel J. Heimmermann Chancellor | University of South Carolina Aiken

Dr. Daniel J. Heimmermann Chancellor | University of South Carolina Aiken

College tuition fees rose 0.1% in Aiken County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $9,512 on average to attend higher education courses at the time, $10 more than the previous school year.

Among the three institutions in the county, Kenneth Shuler School of Cosmetology-North Augusta stood out with the highest tuition fees, reaching an average of $17,766. The University of South Carolina Aiken followed with an average of $11,934 per year. Aiken Technical College students were offered the lowest annual tuition fees at $5,481.

At the time, a total of $7.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Aiken County universities in the 2022-23 school year. Additionally, federal student loans reached $2.2 million.

Currently there are three higher education institutions in Aiken County, including Aiken Technical College, Kenneth Shuler School of Cosmetology-North Augusta, and University of South Carolina Aiken.

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 Aiken 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
University of South Carolina Aiken539$5,228,768$9,701289$1,708,762$5,913
Kenneth Shuler School of Cosmetology-North Augusta43$222,473$5,17444$351,932$7,998
Aiken Technical College256$1,654,643$6,46319$122,130$6,428

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