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North Baltimore Journal

Sunday, May 12, 2024

Cost of college went up for all students at Towson University

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In-state tuition and fees rose 2.5 percent for 2018-19 at Towson University, according to recent data from the U.S. Department of Education.

Maryland residents paid $9,940 to attend the four-year public institution this year – $246 more than the $9,694 charged for 2017-18.

Non-residents paid 133.5 percent more than residents this year, or $23,208. Their price tag grew 4.8 percent from $22,140 in 2017-18.

About 81 percent of the school's undergraduate population are Maryland residents. About 18 percent are residents of other states and 1 percent are citizens of other countries.

Data shows 81 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 1,526 students received grants or scholarships totaling $13.1 million and 1,589 students took out student loans totaling more than $11.6 million.

Including all undergraduates (22,923), 9,876 students used grants or scholarships totaling $87.9 million, and 9,733 students took out $62.9 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~18,568$9,182$9,408$9,694$9,9408.3%
Out-of-state~4,126$20,788$21,076$22,140$23,20811.6%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Towson University in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants79929%$3,797,169$4,752
State / local grant or scholarship67825%$3,160,789$4,662
Institutional grants or scholarships1,25046%$6,117,268$4,894
Grant or scholarship aid total1,52656%$13,075,226$8,568
Federal student loans1,54857%$8,302,858$5,364
Other student loans2128%$3,309,039$15,609
Student loan aid1,58958%$11,611,897$7,308
Total student aid2,22381%--

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