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Tuesday, October 15, 2024

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

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Heath Grout, Executive Creative Director Collectiv Academy | collectivacademy.com

Heath Grout, Executive Creative Director Collectiv Academy | collectivacademy.com

College tuition fees rose 5.7% in Salt Lake County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $10,279 on average to attend higher education courses at the time, $558 more than the previous school year.

Among the 23 institutions in the county, Nightingale College stood out with the highest tuition fees, reaching an average of $70,800. Westminster University followed with an average of $40,352 per year. Southwest Technical College students were offered the lowest annual tuition fees at $1,903.

At the time, a total of $66.7 million in grants or scholarships were awarded to full-time undergraduates who started at the Salt Lake County universities in the 2022-23 school year. Additionally, federal student loans reached $19.3 million.

Currently there are 23 higher education institutions in Salt Lake County, including Salt Lake Community College, Taylor Andrews Academy of Hair Design-West Jordan, and Neumont College of Computer Science.

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 Salt Lake 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
Collectiv Academy22$135,540$6,16136$330,647$9,185
Paul Mitchell the School-Salt Lake City11$64,997$5,90914$83,333$5,952
Eagle Gate College-Murray8$49,795$6,2249$59,104$6,567
Joyce University of Nursing and Health Sciences39$173,080$4,43869$524,514$7,602
The Barber School22$135,390$6,15426$202,603$7,792
Southwest Technical College46$153,561$3,3380$0$0
Cameo College of Essential Beauty33$229,101$6,94231$223,836$7,221
Skin Science Institute33$125,000$3,78826$250,000$9,615
Salt Lake Community College1,489$5,684,302$3,818123$450,377$3,662
Westminster University191$5,477,284$28,677164$1,047,786$6,389
Neumont College of Computer Science187$1,933,833$10,341173$1,269,601$7,339
Ensign College152$388,883$2,55826$123,922$4,766
Skinworks School of Advanced Skincare25$118,203$4,72827$204,836$7,587
Western Governors University718$3,571,199$4,974684$2,751,171$4,022
Healing Mountain Massage School36$184,198$5,11733$247,299$7,494
Fortis College-Salt Lake City33$253,838$7,69230$248,185$8,273
Taylor Andrews Academy of Hair Design-West Jordan35$122,740$3,50726$148,982$5,730
American Beauty Academy-West Valley Campus16$71,463$4,4668$43,077$5,385
Midwives College of Utah0$0$00$0$0
University of Utah3,872$47,037,823$12,1481,120$8,851,020$7,903
Medspa Academies66$350,772$5,31589$666,417$7,488
Arizona College of Nursing-Salt Lake City10$59,611$5,96116$279,308$17,457
Nightingale College80$409,639$5,120111$1,328,265$11,966

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