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Hillsborough Sun

Wednesday, November 20, 2024

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

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Dr. John C Dike, PhD, RN, President/CEO | LinkedIn

Dr. John C Dike, PhD, RN, President/CEO | LinkedIn

College tuition fees rose 2.6% in Hillsborough County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $24,164 on average to attend higher education courses at the time, $620 more than the previous school year.

Among the nine institutions in the county, Saint Anselm College stood out with the highest tuition fees, reaching an average of $45,340. Rivier University followed with an average of $36,610 per year. Manchester Community College students were offered the lowest annual tuition fees at $7,345.

At the time, at least $24 million in grants or scholarships were awarded to full-time undergraduates who started at the Hillsborough County universities in the 2022-23 school year. Additionally, federal student loans reached more than $7.4 million.

Currently there are nine higher education institutions in Hillsborough County, including Harmony Health Care Institute, New Hampshire Institute for Therapeutic Arts, and Manchester Community College.

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 Hillsborough 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 New Hampshire at Manchester46$440,216$9,57023$163,427$7,106
St Joseph School of Nursing------------
New Hampshire Institute for Therapeutic Arts5$14,140$2,8285$56,990$11,398
Harmony Health Care Institute28$187,618$6,70131$242,809$7,833
Nashua Community College53$339,079$6,39833$219,419$6,649
Rivier University263$5,986,751$22,763213$1,981,323$9,302
Saint Anselm College528$15,844,599$30,009380$4,018,483$10,575
Thomas More College of Liberal Arts23$453,176$19,70321$112,750$5,369
Manchester Community College176$707,422$4,019110$580,458$5,277

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