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Saturday, September 28, 2024

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

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Frank Rizzieri President | SJ Magazine

Frank Rizzieri President | SJ Magazine

College tuition fees rose 1.7% in Camden County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $10,158 on average to attend higher education courses at the time, $174 more than the previous school year.

Among the nine institutions in the county, Prism Career Institute-Cherry Hill stood out with the highest tuition fees, reaching an average of $27,065. American Institute-Cherry Hill followed with an average of $19,495 per year. Camden County College students were offered the lowest annual tuition fees at $3,744.

At the time, a total of $16.6 million in grants or scholarships were awarded to full-time undergraduates who started at the Camden County universities in the 2022-23 school year. Additionally, federal student loans reached $11.6 million.

Currently there are nine higher education institutions in Camden County, including Camden County College, Rutgers University-Camden, and Prism Career Institute-Cherry Hill.

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 Camden 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
P B Cosmetology Education Center34$181,232$5,33034$247,165$7,270
Pennco Tech-Blackwood512$2,826,194$5,520451$4,076,426$9,039
Camden County College588$3,687,688$6,27264$339,759$5,309
Rizzieri Aveda School for Beauty and Wellness152$878,098$5,777146$2,282,478$15,633
American Institute-Cherry Hill124$668,515$5,391137$1,259,980$9,197
Rutgers University-Camden487$7,634,933$15,677242$2,291,012$9,467
Prism Career Institute-Cherry Hill76$350,376$4,61083$574,989$6,928
Empire Beauty School-Cherry Hill51$271,247$5,31955$462,500$8,409
Center for the Healing Arts19$56,434$2,97014$77,976$5,570

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