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Wednesday, November 20, 2024

Average cost of college education in Marion County rises for students in 2022-23 school year

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Dr. Robert J. Matz President | Hannibal-Lagrange University

Dr. Robert J. Matz President | Hannibal-Lagrange University

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

Data shows that students paid $25,600 on average to attend Hannibal-LaGrange University courses at the time, $1,120 more than the previous school year.

For comparison, Missouri universities charge students an annual average of $16,365 per year.

At the time, a total of $621,824 in grants or scholarships were awarded to full-time undergraduates who enrolled in the university. Additionally, federal student loans reached $247,955.

Currently, there are 452 students enrolled in Hannibal-LaGrange 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 Hannibal-LaGrange University 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
Hannibal-LaGrange University34$621,824$18,28925$247,955$9,918

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