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Wednesday, October 23, 2024

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

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Greg Weiner President of Assumption University | assumption.edu

Greg Weiner President of Assumption University | assumption.edu

College tuition fees rose 2.7% in Worcester County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $28,684 on average to attend higher education courses at the time, $766 more than the previous school year.

Among the 16 institutions providing full disclosure in the county, the College of the Holy Cross stood out with the highest tuition fees, reaching an average of $58,360. The Worcester Polytechnic Institute followed with an average of $57,096 per year. Quinsigamond Community College students were offered the lowest annual tuition fees at $5,880.

At the time, at least $117.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Worcester County universities in the 2022-23 school year. Additionally, federal student loans reached more than $30.2 million.

Currently there are 18 higher education institutions in Worcester County, including Monty Tech, Nichols College, and Quinsigamond Community 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.

Of the 18 institutions in Worcester County, two did not provide detailed data on tuition fees, including Blackstone Valley Vocational Regional School District and Bancroft School of Massage Therapy.

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

Total Student Aid in Worcester 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
Bancroft School of Massage Therapy------------
Assumption University369$12,088,061$32,759339$3,141,231$9,266
Nichols College302$7,465,290$24,720245$2,448,538$9,994
Spa Tech Institute-Westboro18$68,455$3,80324$131,488$5,479
College of the Holy Cross524$21,557,509$41,140299$1,566,949$5,241
Worcester Polytechnic Institute1,282$35,901,896$28,005731$10,676,817$14,606
Worcester State University594$4,355,467$7,332478$2,386,900$4,994
Monty Tech7$42,169$6,02411$72,337$6,576
Rob Roy Academy-Worcester31$154,409$4,98135$219,504$6,272
Fitchburg State University402$3,504,326$8,717302$2,172,273$7,193
Clark University683$21,798,859$31,916391$3,586,534$9,173
Blackstone Valley Vocational Regional School District------------
Quinsigamond Community College399$2,353,915$5,900221$1,066,469$4,826
Anna Maria College199$6,306,040$31,689149$1,605,121$10,773
Mount Wachusett Community College155$1,179,331$7,60958$293,090$5,053
Toni & Guy Hairdressing Academy-Worcester52$299,740$5,76489$602,150$6,766
Alexander Academy25$111,870$4,47525$196,022$7,841
Southern Worcester County Regional Vocational School District9$68,077$7,5648$61,750$7,719

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