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Saturday, November 23, 2024

Students paid more for higher education in St. Louis County in 2022-23 school year

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Dr. Patricia Rogers, Lake Superior College President | Lake Superior College

Dr. Patricia Rogers, Lake Superior College President | Lake Superior College

College tuition fees rose 2.5% in St. Louis County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $14,302 on average to attend higher education courses at the time, $351 more than the previous school year.

Among the four institutions in the county, The College of Saint Scholastica stood out with the highest tuition fees, reaching an average of $39,410. The University of Minnesota-Duluth followed with an average of $14,988 per year. Minnesota North College students were offered the lowest annual tuition fees at $6,318.

At the time, a total of $25.5 million in grants or scholarships were awarded to full-time undergraduates who started at the St. Louis County universities in the 2022-23 school year. Additionally, federal student loans reached $15.8 million.

Currently there are four higher education institutions in St. Louis County, including Lake Superior College, Minnesota North College, and The College of Saint Scholastica.

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 St. Louis 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
Lake Superior College157$885,738$5,642128$1,004,677$7,849
The College of Saint Scholastica358$10,329,464$28,853207$2,125,284$10,267
University of Minnesota-Duluth1,763$12,047,449$6,8331,165$11,278,070$9,681
Minnesota North College386$2,273,862$5,891259$1,378,930$5,324

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