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Sunday, December 22, 2024

Students paid more for higher education in Prince George's County in 2022-23 school year

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Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.

Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.

College tuition fees rose 1.5% in Prince George's County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $12,918 on average to attend higher education courses at the time, $197 more than the previous school year.

Among the nine institutions in the county, Capitol Technology University stood out with the highest tuition fees, reaching an average of $27,004. Hair Academy II followed with an average of $24,000 per year. Prince George's Community College students were offered the lowest annual tuition fees at $6,267.

At the time, a total of $48.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Prince George's County universities in the 2022-23 school year. Additionally, federal student loans reached $21.5 million.

Currently there are nine higher education institutions in Prince George's County, including Capitol Technology University, Hair Academy II, and Prince George's 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.

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

Total Student Aid in Prince George's 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
University of Maryland Global Campus83$437,231$5,26844$272,426$6,192
Hair Academy II138$276,508$2,004141$399,872$2,836
Fortis College-Landover98$670,987$6,84793$704,112$7,571
Bowie State University721$6,294,067$8,730568$5,765,872$10,151
University of Maryland-College Park3,017$36,631,985$12,1421,362$12,874,498$9,453
Capitol Technology University40$709,814$17,74523$300,734$13,075
Prince George's Community College592$3,664,201$6,190151$790,093$5,232
Strayer University-Maryland0$0$00$0$0
Hair Academy112$224,589$2,005120$373,251$3,110

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