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Sunday, December 22, 2024

Average cost of college went down for students in Gwinnett County in 2022-23 school year

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Joel A. English President | Aviation Institute of Maintenance

Joel A. English President | Aviation Institute of Maintenance

College tuition fees fell 5.1% in Gwinnett County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $6,353 on average to attend higher education courses at the time, less than the $339 charged for the previous school year.

Among the eight institutions in the county, Atlanta Institute of Music and Media stood out with the highest tuition fees, reaching an average of $41,100. Keune Academy by 124 followed with an average of $19,585 per year. Georgia Gwinnett College students were offered the lowest annual tuition fees at $4,547.

At the time, at least $13.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Gwinnett County universities in the 2022-23 school year. Additionally, federal student loans reached more than $4.5 million.

Currently there are eight higher education institutions in Gwinnett County, including Georgia Gwinnett College, Atlanta Institute of Music and Media, and Hogan Institute of Cosmetology and Esthetics.

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 Gwinnett 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
Reformed University------------
Keune Academy by 12417$110,115$6,47736$283,163$7,866
Aviation Institute of Maintenance-Atlanta122$706,166$5,788125$895,064$7,161
Georgia Gwinnett College1,577$12,235,876$7,759493$2,717,253$5,512
Atlanta Institute of Music and Media44$168,355$3,82647$296,732$6,313
Hogan Institute of Cosmetology and Esthetics12$52,558$4,38010$48,138$4,814
Empire Beauty School-Gwinnett28$143,781$5,13526$199,131$7,659
Gwinnett College-Lilburn11$60,613$5,5108$59,313$7,414

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