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Marion-Morrow Times

Tuesday, October 15, 2024

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

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Charles Speelman, Superintendent | Tri-Rivers Career Center

Charles Speelman, Superintendent | Tri-Rivers Career Center

College tuition fees rose 9.3% in Marion County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $7,229 on average to attend higher education courses at the time, $615 more than the previous school year.

Among the three institutions in the county, Tri-Rivers Career Center stood out with the highest tuition fees, reaching an average of $14,375. Ohio State University-Marion Campus followed with an average of $8,944 per year. Marion Technical College students were offered the lowest annual tuition fees at $6,325.

At the time, a total of $2 million in grants or scholarships were awarded to full-time undergraduates who started at the Marion County universities in the 2022-23 school year. Additionally, federal student loans reached $679,738.

Currently there are three higher education institutions in Marion County, including Ohio State University-Marion Campus, Tri-Rivers Career Center, and Marion Technical 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 Marion 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
Tri-Rivers Career Center0$0$00$0$0
Marion Technical College135$600,828$4,45125$107,659$4,306
Ohio State University-Marion Campus297$1,407,547$4,739103$572,079$5,554

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