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Dayton Reporter

Tuesday, December 24, 2024

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

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J. Michael LeMaster, President and CEO of the International College of Broadcasting | International College of Broadcasting

J. Michael LeMaster, President and CEO of the International College of Broadcasting | International College of Broadcasting

College tuition fees rose 3.3% in Montgomery County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $17,900 on average to attend higher education courses at the time, $579 more than the previous school year.

Among the 15 institutions in the county, the University of Dayton stood out with the highest tuition fees, reaching an average of $46,170. The Modern College of Design followed with an average of $31,007 per year. Miami Valley Career Technology Center students were offered the lowest annual tuition fees at $610.

At the time, a total of $68.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Montgomery County universities in the 2022-23 school year. Additionally, federal student loans reached $17.9 million.

Currently there are 15 higher education institutions in Montgomery County, including University of Dayton, Ohio Institute of Allied Health, and Creative Images Institute of Cosmetology-North Dayton.

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 Montgomery 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
Ross Medical Education Center-Dayton71$408,551$5,75473$719,791$9,860
International College of Broadcasting16$100,176$6,26116$129,182$8,074
Miami Valley Career Technology Center42$134,510$3,20314$73,795$5,271
Ohio Institute of Allied Health14$30,255$2,16110$46,544$4,654
Creative Images Institute of Cosmetology-North Dayton60$274,553$4,57663$356,123$5,653
The Modern College of Design38$403,820$10,62739$424,173$10,876
Sinclair Community College827$3,711,972$4,488406$1,766,718$4,352
Ohio Medical Career College64$320,214$5,00362$438,132$7,067
Dayton School of Medical Massage78$245,970$3,15381$513,663$6,342
Fortis College-Centerville32$244,256$7,63329$218,300$7,528
University of Dayton1,900$60,518,278$31,8521,056$12,801,667$12,123
Kettering College68$1,633,549$24,02327$184,861$6,847
Ohio Business College-Dayton-Driving Academy14$55,090$3,93512$76,423$6,369
Creative Images Institute of Cosmetology-South Dayton19$74,722$3,93317$104,680$6,158
Dayton Barber College44$186,038$4,2280$0$0