Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html
Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html
Data shows that students paid $21,158 on average to attend higher education courses at the time, $425 more than the previous school year.
Among the three institutions in the county, the University of Pikeville stood out with the highest tuition fees, reaching an average of $23,150. Appalachian Beauty School followed with an average of $10,915 per year. American National University-Pikeville students were offered the lowest annual tuition fees at $10,314.
At the time, a total of $6.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Pike County universities in the 2022-23 school year. Additionally, federal student loans reached $1.8 million.
Currently there are three higher education institutions in Pike County, including American National University-Pikeville, University of Pikeville, and Appalachian Beauty School.
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.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| Appalachian Beauty School | 13 | $58,506 | $4,500 | 0 | $0 | $0 |
| University of Pikeville | 328 | $6,361,683 | $19,395 | 296 | $1,711,623 | $5,783 |
| American National University-Pikeville | 10 | $69,040 | $6,904 | 10 | $45,062 | $4,506 |
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