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Toledo Reporter

Tuesday, October 15, 2024

Students paid more for higher education in Wood County in 2022-23 school year

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Dione Dorsey Somerville, Ed. D., President | Owens Community College

Dione Dorsey Somerville, Ed. D., President | Owens Community College

College tuition fees rose 4% in Wood County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $11,539 on average to attend higher education courses at the time, $447 more than the previous school year.

Among the five institutions in the county, Summit Salon Academy-Perrysburg stood out with the highest tuition fees, reaching an average of $20,390. Bowling Green State University-Main Campus followed with an average of $14,592 per year. Penta County Joint Vocational School students were offered the lowest annual tuition fees at $5,523.

At the time, a total of $26.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Wood County universities in the 2022-23 school year. Additionally, federal student loans reached $15.2 million.

Currently there are five higher education institutions in Wood County, including Bowling Green State University-Main Campus, Owens Community College, and Penta County Joint Vocational School.

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 Wood 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
Owens Community College389$1,773,408$4,559266$1,329,469$4,998
Orion Institute36$145,024$4,02839$175,335$4,496
Bowling Green State University-Main Campus2,737$24,072,150$8,7951,806$13,640,417$7,553
Penta County Joint Vocational School6$25,287$4,2150$0$0
Summit Salon Academy-Perrysburg9$65,671$7,29712$97,161$8,097

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