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Saturday, December 21, 2024

Average cost of college education in Sangamon County rises for students in 2022-23 school year

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Tina DeRosear, BA Financial Aid Specialist at Capital Area School of Practical Nursing | Capital Area School of Practical Nursing

Tina DeRosear, BA Financial Aid Specialist at Capital Area School of Practical Nursing | Capital Area School of Practical Nursing

College tuition fees rose 1.6% in Sangamon County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $10,119 on average to attend higher education courses at the time, $155 more than the previous school year.

Among the five institutions providing full disclosure in the county, the University of Spa & Cosmetology Arts stood out with the highest tuition fees, reaching an average of $19,850. Midwest Technical Institute-Illinois followed with an average of $15,721 per year. Lincoln Land Community College students were offered the lowest annual tuition fees at $6,840.

At the time, at least $8.7 million in grants or scholarships were awarded to full-time undergraduates who started at the Sangamon County universities in the 2022-23 school year. Additionally, federal student loans reached more than $4.9 million.

Currently there are six higher education institutions in Sangamon County, including Capital Area Career Center, University of Spa & Cosmetology Arts, and University of Illinois Springfield.

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.

Of the six institutions in Sangamon County, St. John's College-Department of Nursing did not provide detailed data on tuition fees.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Sangamon 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
Lincoln Land Community College385$2,785,832$7,236142$659,807$4,647
University of Illinois Springfield234$3,318,502$14,18290$475,084$5,279
Capital Area Career Center------------
University of Spa & Cosmetology Arts46$189,717$4,12446$247,532$5,381
St. John's College-Department of Nursing------------
Midwest Technical Institute-Illinois384$2,395,834$6,239416$3,545,783$8,524

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