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Tuesday, October 22, 2024

Average cost of college unchanged for students in McClain County in 2022-23 school year

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Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html

Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html

College tuition fees were unchanged in McClain County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $1,000 on average to attend Mid-America Technology Center courses at the time, unchanged from the previous school year.

For comparison, Oklahoma universities charge students an annual average of $10,669 per year.

At the time, a total of $137,748 in grants or scholarships were awarded to full-time undergraduates who enrolled in the university.

Currently, there are 910 students enrolled in Mid-America Technology Center.

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 Mid-America Technology Center 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
Mid-America Technology Center19$137,748$7,2500$0$0

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