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Minneapolis Review

Thursday, November 21, 2024

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

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Joyce C. Ester, Ph.D. President | Normandale Community College

Joyce C. Ester, Ph.D. President | Normandale Community College

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

Data shows that students paid $16,140 on average to attend higher education courses at the time, $519 more than the previous school year.

Among the 20 institutions in the county, Minneapolis College of Art and Design stood out with the highest tuition fees, reaching an average of $42,560. Augsburg University followed with an average of $42,074 per year. North Hennepin Community College students were offered the lowest annual tuition fees at $5,050.

At the time, at least $91.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Hennepin County universities in the 2022-23 school year. Additionally, federal student loans reached more than $41.5 million.

Currently there are 20 higher education institutions in Hennepin County, including Augsburg University, Bethany Global University, and Northwestern Health Sciences University.

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 Hennepin 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
Summit Academy Opportunities Industrialization Center547$2,977,451$5,4430$0$0
Bethany Global University42$486,757$11,58919$96,481$5,078
Normandale Community College562$3,232,232$5,751141$744,316$5,279
Academy College6$42,196$7,0336$31,992$5,332
North Central University170$3,148,560$18,521132$1,026,471$7,776
Walden University------------
Augsburg University601$20,046,353$33,355486$3,403,157$7,002
University of Minnesota-Twin Cities4,183$49,387,244$11,8072,791$28,964,416$10,378
Dunwoody College of Technology187$1,939,982$10,374240$2,199,505$9,165
Capella University14$70,760$5,05416$106,521$6,658
Northwestern Health Sciences University0$0$00$0$0
Hennepin Technical College147$812,043$5,52467$415,271$6,198
Aveda Arts & Sciences Institute Minneapolis119$762,066$6,404166$1,670,394$10,063
Bethlehem College & Seminary------------
PCI Academy-Plymouth20$74,014$3,70117$66,976$3,940
Minneapolis Community and Technical College332$1,948,592$5,86975$451,973$6,026
Minneapolis College of Art and Design160$4,436,601$27,729128$1,035,679$8,091
Empire Beauty School-Bloomington42$176,245$4,19645$278,793$6,195
North Hennepin Community College204$1,049,161$5,14361$325,941$5,343
Herzing University-Minneapolis82$699,990$8,53669$648,989$9,406

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