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Cape Cod Ledger

Thursday, November 21, 2024

Average cost of college went down for students in Barnstable County in 2022-23 school year

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Dr. Miguel A. Cardona Secretary of Education | Official website

Dr. Miguel A. Cardona Secretary of Education | Official website

College tuition fees fell 12.4% in Barnstable County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $8,774 on average to attend higher education courses at the time, less than the $1,242 charged for the previous school year.

Among the three institutions in the county, the Massachusetts Maritime Academy stood out with the highest tuition fees, reaching an average of $14,177. Upper Cape Cod Regional Technical School followed with an average of $11,250 per year. Cape Cod Community College students were offered the lowest annual tuition fees at $5,641.

At the time, a total of $4.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Barnstable County universities in the 2022-23 school year. Additionally, federal student loans reached $3.1 million.

Currently there are three higher education institutions in Barnstable County, including Massachusetts Maritime Academy, Upper Cape Cod Regional Technical School, and Cape Cod Community 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 Barnstable 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
Upper Cape Cod Regional Technical School9$48,955$5,43912$88,059$7,338
Massachusetts Maritime Academy208$3,528,187$16,962288$2,884,874$10,017
Cape Cod Community College132$692,564$5,24720$95,928$4,796

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