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North Baltimore Journal

Tuesday, October 15, 2024

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

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Boruch Y. Neuberger President | Ner Israel Rabbinical College

Boruch Y. Neuberger President | Ner Israel Rabbinical College

College tuition fees rose 2.3% in Baltimore County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $13,558 on average to attend higher education courses at the time, $300 more than the previous school year.

Among the 12 institutions in the county, Goucher College stood out with the highest tuition fees, reaching an average of $49,220. Stevenson University followed with an average of $38,738 per year. Community College of Baltimore County students were offered the lowest annual tuition fees at $7,586.

At the time, a total of $79.7 million in grants or scholarships were awarded to full-time undergraduates who started at the Baltimore County universities in the 2022-23 school year. Additionally, federal student loans reached $25.2 million.

Currently there are 12 higher education institutions in Baltimore County, including Goucher College, Empire Beauty School-Owings Mills, and University of Maryland-Baltimore County.

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 Baltimore 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
North American Trade Schools159$804,000$5,057721$2,961,895$4,108
Institute of Health Sciences33$180,567$5,47231$223,497$7,210
Bais HaMedrash and Mesivta of Baltimore22$262,900$11,9500$0$0
Ner Israel Rabbinical College30$417,468$13,9160$0$0
Empire Beauty School-Owings Mills53$272,181$5,13554$431,000$7,981
Maryland Beauty Academy of Essex6$27,200$4,5335$25,750$5,150
Towson University1,648$19,059,672$11,5651,240$8,944,959$7,214
Fortis Institute-Towson255$1,566,288$6,142251$1,694,423$6,751
Community College of Baltimore County985$6,180,047$6,274183$944,061$5,159
Stevenson University744$21,699,576$29,166448$4,360,322$9,733
University of Maryland-Baltimore County1,847$18,389,444$9,956676$4,497,558$6,653
Goucher College267$10,809,336$40,484130$1,069,206$8,225

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