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Toledo Reporter

Tuesday, October 15, 2024

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

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Randall Parker, Board of Education President | Toledo Public Schools Adult and Continuing Education

Randall Parker, Board of Education President | Toledo Public Schools Adult and Continuing Education

College tuition fees rose 3.6% in Lucas County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $15,417 on average to attend higher education courses at the time, $541 more than the previous school year.

Among the 13 institutions in the county, Lourdes University stood out with the highest tuition fees, reaching an average of $28,650. The Athena Career Academy followed with an average of $21,600 per year. Toledo Academy of Beauty Culture-East students were offered the lowest annual tuition fees at $8,777.

At the time, at least $22.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Lucas County universities in the 2022-23 school year. Additionally, federal student loans reached more than $13.2 million.

Currently there are 13 higher education institutions in Lucas County, including University of Toledo, Salon Institute-Toledo Campus, and Davis 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 Lucas 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
Stautzenberger College-Maumee92$573,500$6,234103$1,018,948$9,893
Toledo Public Schools Adult and Continuing Education26$120,393$4,63121$63,576$3,027
Toledo Academy of Beauty Culture-East------------
Lourdes University172$3,509,110$20,402157$801,713$5,106
Ross College-Sylvania341$1,847,264$5,417344$3,008,643$8,746
Global Tech College17$117,215$6,89517$53,278$3,134
University of Toledo1,790$15,199,096$8,491974$6,848,761$7,032
Davis College6$39,825$6,6385$53,151$10,630
Professional Skills Institute48$407,900$8,49848$334,559$6,970
Mercy College of Ohio31$316,914$10,22325$133,068$5,323
Athena Career Academy57$359,732$6,31152$348,112$6,694
Salon Institute-Toledo Campus31$171,661$5,53742$280,500$6,679
Paul Mitchell the School-Toledo26$169,020$6,50129$302,838$10,443

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