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Sunday, November 24, 2024

Average cost of college went down for students in Clayton County in 2022-23 school year

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Fardad Fateri, Ph.D. President | United Education Institute-Morrow

Fardad Fateri, Ph.D. President | United Education Institute-Morrow

College tuition fees fell 4.2% in Clayton County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $8,668 on average to attend higher education courses at the time, less than the $380 charged for the previous school year.

Among the four institutions in the county, United Education Institute-Morrow stood out with the highest tuition fees, reaching an average of $19,900. Empire Beauty School-Morrow followed with an average of $19,260 per year. Clayton State University students were offered the lowest annual tuition fees at $5,510.

At the time, a total of $8 million in grants or scholarships were awarded to full-time undergraduates who started at the Clayton County universities in the 2022-23 school year. Additionally, federal student loans reached $8.3 million.

Currently there are four higher education institutions in Clayton County, including Clayton State University, United Education Institute-Morrow, and Interactive College of Technology-Morrow.

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 Clayton 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
United Education Institute-Morrow670$3,483,150$5,199666$5,986,980$8,989
Clayton State University450$3,827,092$8,505248$1,424,588$5,744
Empire Beauty School-Morrow92$490,522$5,33284$666,108$7,930
Interactive College of Technology-Morrow32$203,088$6,34726$190,285$7,319

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