Quantcast

Finger Lakes Today

Saturday, December 21, 2024

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

Webp gj8aszph25c2k52l9c5ce7wh5rl0

Kathleen Mills, Dean | Marion S Whelan School of Nursing of Geneva General Hospital

Kathleen Mills, Dean | Marion S Whelan School of Nursing of Geneva General Hospital

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

Data shows that students paid $18,469 on average to attend higher education courses at the time, $477 more than the previous school year.

Among the four institutions in the county, Hobart William Smith Colleges stood out with the highest tuition fees, reaching an average of $61,725. Finger Lakes Health College of Nursing & Health Sciences followed with an average of $12,880 per year. Finger Lakes Community College students were offered the lowest annual tuition fees at $5,935.

At the time, at least $23.6 million in grants or scholarships were awarded to full-time undergraduates who started at the Ontario County universities in the 2022-23 school year. Additionally, federal student loans reached more than $4 million.

Currently there are four higher education institutions in Ontario County, including Hobart William Smith Colleges, Finger Lakes Community College, and Marion S Whelan School of Nursing of Geneva General Hospital.

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 Ontario 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
Finger Lakes Health College of Nursing & Health Sciences------------
Hobart William Smith Colleges434$20,598,780$47,463340$1,873,784$5,511
Finger Lakes Community College509$3,040,764$5,974382$2,143,856$5,612
Marion S Whelan School of Nursing of Geneva General Hospital0$0$00$0$0

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS