Quantcast

Will County Gazette

Monday, November 4, 2024

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

Webp 4czheu7iyvx2lgq1w4ilv65bl66o

Dr. Clyne G. H. Namuo President | Joliet Junior College

Dr. Clyne G. H. Namuo President | Joliet Junior College

College tuition fees rose 2.4% in Will County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $19,379 on average to attend higher education courses at the time, $460 more than the previous school year.

Among the seven institutions in the county, Lewis University stood out with the highest tuition fees, reaching an average of $36,530. The University of St Francis followed with an average of $36,000 per year. Governors State University students were offered the lowest annual tuition fees at $10,468.

At the time, a total of $26.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Will County universities in the 2022-23 school year. Additionally, federal student loans reached $6 million.

Currently there are seven higher education institutions in Will County, including Joliet Junior College, Lewis University, and Professional's Choice Hair Design Academy.

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 Will 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
Joliet Junior College240$1,140,547$4,75225$125,288$5,012
University of St Francis215$6,262,114$29,126202$1,427,288$7,066
Capri Beauty College18$59,721$3,31813$99,515$7,655
Professional's Choice Hair Design Academy16$61,992$3,87525$108,513$4,341
Lewis University603$16,043,584$26,606354$3,529,934$9,972
Governors State University257$2,907,851$11,315118$631,405$5,351
Larry's Barber College-Joliet12$73,728$6,14412$43,056$3,588

MORE NEWS