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East Idaho Times

Tuesday, December 24, 2024

Average cost of college education in Madison County rises for students in 2022-23 school year

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Alvin F. Meredith II, President | Brigham Young University-Idaho

Alvin F. Meredith II, President | Brigham Young University-Idaho

College tuition fees rose 2.7% in Madison County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $4,607 on average to attend higher education courses at the time, $121 more than the previous school year.

Among the three institutions providing full disclosure in the county, Paul Mitchell the School-Rexburg stood out with the highest tuition fees, reaching an average of $14,900. Evans Hairstyling College-Rexburg followed with an average of $12,300 per year. Brigham Young University-Idaho students were offered the lowest annual tuition fees at $4,536.

At the time, at least $10.6 million in grants or scholarships were awarded to full-time undergraduates who started at the Madison County universities in the 2022-23 school year. Additionally, federal student loans reached more than $3.2 million.

Currently there are four higher education institutions in Madison County, including Brigham Young University-Idaho, Evans Hairstyling College-Rexburg, and Paul Mitchell the School-Rexburg.

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.

Of the four institutions in Madison County, Rexburg College of Massage Therapy did not provide detailed data on tuition fees.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Madison 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
Evans Hairstyling College-Rexburg19$90,785$4,7789$49,650$5,517
Paul Mitchell the School-Rexburg59$214,018$3,62739$205,168$5,261
Brigham Young University-Idaho1,705$10,302,955$6,043510$2,918,335$5,722
Rexburg College of Massage Therapy------------

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