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Lima Reporter

Saturday, December 21, 2024

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

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Joy Baeumel, Financial Aid Manager | Apollo Career Center

Joy Baeumel, Financial Aid Manager | Apollo Career Center

College tuition fees rose 5% in Allen County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $9,717 on average to attend higher education courses at the time, $466 more than the previous school year.

Among the six institutions in the county, Bluffton University stood out with the highest tuition fees, reaching an average of $35,516. The University of Northwestern Ohio followed with an average of $12,470 per year. Apollo Career Center students were offered the lowest annual tuition fees at $725.

At the time, a total of $10 million in grants or scholarships were awarded to full-time undergraduates who started at the Allen County universities in the 2022-23 school year. Additionally, federal student loans reached $6.4 million.

Currently there are six higher education institutions in Allen County, including Bluffton University, Ohio State Beauty Academy, and Ohio State University-Lima Campus.

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 Allen 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
Ohio State University-Lima Campus199$1,143,006$5,744104$544,525$5,236
Apollo Career Center45$234,050$5,20121$91,751$4,369
Bluffton University162$4,745,109$29,291132$1,187,680$8,998
James A. Rhodes State College124$535,533$4,31943$270,580$6,293
Ohio State Beauty Academy20$103,920$5,19623$162,500$7,065
University of Northwestern Ohio563$3,217,299$5,715572$4,140,250$7,238

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