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Saturday, November 23, 2024

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

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Julie Chen, Ph.D. Chancellor | University of Massachusetts-Lowell

Julie Chen, Ph.D. Chancellor | University of Massachusetts-Lowell

College tuition fees rose 3.3% in Middlesex County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $42,474 on average to attend higher education courses at the time, $1,342 more than the previous school year.

Among the 25 institutions providing full disclosure in the county, Tufts University stood out with the highest tuition fees, reaching an average of $65,222. Boston College followed with an average of $64,176 per year. Middlesex Community College students were offered the lowest annual tuition fees at $6,230.

At the time, at least $293.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Middlesex County universities in the 2022-23 school year. Additionally, federal student loans reached more than $35.6 million.

Currently there are 27 higher education institutions in Middlesex County, including Elizabeth Grady School of Esthetics and Massage Therapy, Catherine Hinds Institute of Esthetics, and Hult International Business School.

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.

Of the 27 institutions in Middlesex County, two did not provide detailed data on tuition fees, including Hebrew College and William James College.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Middlesex 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
Lowell Academy Hairstyling Institute0$0$00$0$0
Brandeis University670$25,117,590$37,489255$1,630,553$6,394
EINE Inc5$26,447$5,2890$0$0
University of Massachusetts-Lowell1,493$18,881,505$12,6471,248$9,120,419$7,308
Framingham State University388$3,563,565$9,184334$2,248,180$6,731
New England Hair Academy47$384,307$8,17727$274,744$10,176
Bentley University977$32,527,149$33,293538$6,153,577$11,438
Catherine Hinds Institute of Esthetics41$183,248$4,46941$205,124$5,003
Longy School of Music of Bard College8$175,384$21,9230$0$0
Shawsheen Valley School of Practical Nursing6$34,820$5,80310$70,232$7,023
William James College------------
Hult International Business School145$3,318,849$22,88925$209,200$8,368
Lawrence Memorial Hospital School of Nursing------------
Empire Beauty School-Malden38$216,460$5,69641$333,500$8,134
Lasell University314$10,965,131$34,921252$1,952,395$7,748
Elizabeth Grady School of Esthetics and Massage Therapy------------
Massachusetts Institute of Technology654$38,148,540$58,33186$1,038,103$12,071
National Aviation Academy of New England97$607,683$6,265140$1,717,622$12,269
Hebrew College------------
Harvard University932$60,525,958$64,942145$1,265,693$8,729
Greater Lowell Technical School0$0$00$0$0
Regis College203$6,931,332$34,144150$1,818,115$12,121
Lesley University225$3,707,197$16,476154$1,691,576$10,984
Tufts University688$35,271,443$51,267325$2,813,443$8,657
Boston College994$50,792,541$51,099756$2,706,581$3,580
Middlesex Community College421$2,093,150$4,97275$348,042$4,641
Assabet Valley Regional Technical School0$0$00$0$0

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