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Friday, January 17, 2025

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

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Jody Goetzman President | Faith Lutheran Christian Preschool

Jody Goetzman President | Faith Lutheran Christian Preschool

College tuition fees rose 4.6% in Knox County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $50,333 on average to attend higher education courses at the time, $2,224 more than the previous school year.

Among the three institutions in the county, Kenyon College stood out with the highest tuition fees, reaching an average of $66,490. Mount Vernon Nazarene University followed with an average of $34,168 per year. Knox County Career Center students were offered the lowest annual tuition fees at $14,339.

At the time, a total of $24.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Knox County universities in the 2022-23 school year. Additionally, federal student loans reached $2.8 million.

Currently there are three higher education institutions in Knox County, including Knox County Career Center, Kenyon College, and Mount Vernon Nazarene 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 Knox 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
Kenyon College443$17,423,293$39,330139$1,201,789$8,646
Mount Vernon Nazarene University289$7,422,772$25,684202$1,616,625$8,003
Knox County Career Center0$0$00$0$0

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