Quantcast

East Kentucky Times

Sunday, December 22, 2024

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

Webp ebdgysf5yhd9yfdcxj326kpexzj6

President Jim Stepp | Alice Lloyd College

President Jim Stepp | Alice Lloyd College

College tuition fees rose 0.1% in Knott County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $14,250 on average to attend Alice Lloyd College courses at the time, $20 more than the previous school year.

For comparison, Kentucky universities charge students an annual average of $14,085 per year.

At the time, a total of $2.2 million in grants or scholarships were awarded to full-time undergraduates who enrolled in the university. Additionally, federal student loans reached $392,518.

Currently, there are 565 students enrolled in Alice Lloyd College.

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 Alice Lloyd College 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
Alice Lloyd College182$2,216,050$12,17695$392,518$4,132

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS