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Greenville Leader

Thursday, November 21, 2024

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

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Robert C. McElhiney Vice President of Operations | Academy of Hair Technology

Robert C. McElhiney Vice President of Operations | Academy of Hair Technology

College tuition fees rose 5.9% in Greenville County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $16,192 on average to attend higher education courses at the time, $898 more than the previous school year.

Among the eight institutions in the county, Furman University stood out with the highest tuition fees, reaching an average of $55,772. North Greenville University followed with an average of $23,590 per year. Academy of Hair Technology students were offered the lowest annual tuition fees at $6,000.

At the time, a total of $54.7 million in grants or scholarships were awarded to full-time undergraduates who started at the Greenville County universities in the 2022-23 school year. Additionally, federal student loans reached $5.8 million.

Currently there are eight higher education institutions in Greenville County, including Greenville Technical College, Kenneth Shuler School of Cosmetology-Greenville, and North Greenville University.

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 Greenville 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
Kenneth Shuler School of Cosmetology-Greenville57$261,447$4,58761$381,031$6,246
Paul Mitchell the School-Greenville16$77,166$4,82327$227,661$8,432
Bob Jones University572$8,445,208$14,764143$1,061,670$7,424
Academy of Hair Technology0$0$00$0$0
North Greenville University485$9,963,877$20,544287$1,788,711$6,232
Greenville Technical College1,365$9,436,811$6,91363$340,005$5,397
Furman University647$26,497,185$40,954204$1,982,280$9,717
Strayer University-South Carolina0$0$00$0$0

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