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Saturday, September 28, 2024

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

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Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.

Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.

College tuition fees rose 3.1% in Bronx County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $23,924 on average to attend higher education courses at the time, $712 more than the previous school year.

Among the 12 institutions in the county, Fordham University stood out with the highest tuition fees, reaching an average of $58,467. Manhattan College followed with an average of $48,658 per year. CUNY Bronx Community College students were offered the lowest annual tuition fees at $5,206.

At the time, at least $163.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Bronx County universities in the 2022-23 school year. Additionally, federal student loans reached more than $22.5 million.

Currently there are 12 higher education institutions in Bronx County, including SUNY Maritime College, Monroe College, and School of Professional Horticulture, New York Botanical Garden.

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 Bronx 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
School of Professional Horticulture, New York Botanical Garden------------
Brittany Beauty Academy12$76,418$6,36812$106,833$8,903
Fordham University2,422$80,600,437$33,2781,335$12,795,381$9,585
Yeshiva of the Telshe Alumni------------
Manhattan College746$25,690,826$34,438402$3,024,803$7,524
Monroe College1,095$17,229,377$15,735439$2,206,671$5,027
CUNY Hostos Community College666$4,821,727$7,24019$98,582$5,189
SUNY Maritime College180$1,481,641$8,231132$1,288,145$9,759
CUNY Lehman College1,308$12,280,610$9,38945$212,700$4,727
American Beauty School5$34,125$6,8255$19,882$3,976
University of Mount Saint Vincent452$13,496,717$29,860297$2,596,272$8,742
CUNY Bronx Community College1,031$7,492,550$7,26728$109,752$3,920

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