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Thursday, November 21, 2024

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

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Andrea Backman, PhD President | Strayer University-Mississippi

Andrea Backman, PhD President | Strayer University-Mississippi

College tuition fees rose 1.5% in Hinds County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $10,822 on average to attend higher education courses at the time, $162 more than the previous school year.

Among the nine institutions in the county, Millsaps College stood out with the highest tuition fees, reaching an average of $43,815. Belhaven University followed with an average of $28,375 per year. Hinds Community College students were offered the lowest annual tuition fees at $3,880.

At the time, at least $30 million in grants or scholarships were awarded to full-time undergraduates who started at the Hinds County universities in the 2022-23 school year. Additionally, federal student loans reached more than $10.5 million.

Currently there are nine higher education institutions in Hinds County, including Jackson State University, Strayer University-Mississippi, and Mississippi Institute of Aesthetics Nails & Cosmetology.

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 Hinds 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
Academy of Hair Design-Jackson12$64,955$5,41313$100,833$7,756
Strayer University-Mississippi------------
Mississippi College368$6,667,295$18,118134$877,477$6,548
Traxlers School of Hair8$48,160$6,0200$0$0
Mississippi Institute of Aesthetics Nails & Cosmetology0$0$00$0$0
Belhaven University97$1,570,921$16,19570$814,105$11,630
Jackson State University983$7,994,800$8,133903$5,721,045$6,336
Hinds Community College1,200$7,471,646$6,226436$1,847,869$4,238
Millsaps College181$6,149,521$33,975128$1,095,317$8,557

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