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Greensboro Reporter

Thursday, November 21, 2024

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

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Franklin D. Gilliam, Jr., Chancellor | University of North Carolina at Greensboro

Franklin D. Gilliam, Jr., Chancellor | University of North Carolina at Greensboro

College tuition fees rose 2% in Guilford County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $13,125 on average to attend higher education courses at the time, $258 more than the previous school year.

Among the 11 institutions in the county, High Point University stood out with the highest tuition fees, reaching an average of $41,916. Guilford College followed with an average of $41,140 per year. Guilford Technical Community College students were offered the lowest annual tuition fees at $2,373.

At the time, at least $89 million in grants or scholarships were awarded to full-time undergraduates who started at the Guilford County universities in the 2022-23 school year. Additionally, federal student loans reached more than $32.3 million.

Currently there are 11 higher education institutions in Guilford County, including Greensboro College, High Point University, and Strayer University-North Carolina.

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 Guilford 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
Bennett College30$569,164$18,97222$141,777$6,444
Strayer University-North Carolina------------
Guilford Technical Community College481$2,342,279$4,870142$739,825$5,210
Leons Beauty School Inc75$484,613$6,4620$0$0
University of North Carolina at Greensboro1,924$17,163,728$8,9211,142$7,018,392$6,146
Guilford College369$12,216,069$33,106252$1,802,432$7,153
Empire Beauty School-West Greensboro48$242,495$5,05244$378,000$8,591
North Carolina A & T State University2,709$28,987,642$10,7001,889$13,097,966$6,934
Greensboro College181$2,656,421$14,676147$1,173,502$7,983
South University-High Point0$0$00$0$0
High Point University1,341$24,337,540$18,149607$7,967,851$13,127

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