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Ann Arbor Times

Thursday, November 21, 2024

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

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Erik P. Ankerberg President of Concordia University Ann Arbor | cuaa.edu

Erik P. Ankerberg President of Concordia University Ann Arbor | cuaa.edu

College tuition fees rose 4.3% in Washtenaw County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $24,847 on average to attend higher education courses at the time, $1,027 more than the previous school year.

Among the five institutions in the county, the University of Michigan-Ann Arbor stood out with the highest tuition fees, reaching an average of $34,613. Concordia University Ann Arbor followed with an average of $32,982 per year. Washtenaw Community College students were offered the lowest annual tuition fees at $4,450.

At the time, a total of $111.6 million in grants or scholarships were awarded to full-time undergraduates who started at the Washtenaw County universities in the 2022-23 school year. Additionally, federal student loans reached $26.1 million.

Currently there are five higher education institutions in Washtenaw County, including Ross Medical Education Center-Ann Arbor, Washtenaw Community College, and University of Michigan-Ann Arbor.

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 Washtenaw 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
Concordia University Ann Arbor222$4,984,888$22,454150$1,409,868$9,399
Washtenaw Community College374$2,595,957$6,941139$778,296$5,599
University of Michigan-Ann Arbor3,850$84,718,295$22,0051,687$16,556,667$9,814
Eastern Michigan University1,880$19,242,846$10,2361,043$7,176,335$6,880
Ross Medical Education Center-Ann Arbor19$105,441$5,55021$210,096$10,005

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