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McLean County Times

Saturday, September 28, 2024

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

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Dr. Keith Cornille President | Heartland Community College

Dr. Keith Cornille President | Heartland Community College

College tuition fees rose 0.1% in McLean County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $16,853 on average to attend higher education courses at the time, $25 more than the previous school year.

Among the six institutions in the county, Illinois Wesleyan University stood out with the highest tuition fees, reaching an average of $53,814. Paul Mitchell the School-Normal followed with an average of $18,613 per year. Heartland Community College students were offered the lowest annual tuition fees at $10,099.

At the time, a total of $60.3 million in grants or scholarships were awarded to full-time undergraduates who started at the McLean County universities in the 2022-23 school year. Additionally, federal student loans reached $17.5 million.

Currently there are six higher education institutions in McLean County, including Illinois State University, Heartland Community College, and Hairmasters Institute of Cosmetology.

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 McLean 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
Paul Mitchell the School-Normal16$59,770$3,73619$147,165$7,746
Hairmasters Institute of Cosmetology40$205,000$5,12540$212,000$5,300
Illinois State University3,818$44,250,931$11,5901,884$14,489,544$7,691
Tricoci University of Beauty Culture-Normal10$67,241$6,72414$110,628$7,902
Illinois Wesleyan University382$14,133,562$36,999261$2,224,160$8,522
Heartland Community College316$1,615,351$5,11264$315,481$4,929

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