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Thursday, November 7, 2024

Average cost of college education in Oswego County remains unchanged for students in 2022-23 school year

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John Shelmidine, Board of Education President | Center for Instruction, Technology & Innovation

John Shelmidine, Board of Education President | Center for Instruction, Technology & Innovation

College tuition fees were unchanged in Oswego County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $9,300 on average to attend higher education courses at the time, unchanged from the previous school year.

Among the two institutions in the county, Center for Instruction, Technology & Innovation stood out with the highest tuition fees, reaching an average of $13,300. State University of New York at Oswego followed with an average of $9,285 per year.

At the time, a total of $13.4 million in grants or scholarships were awarded to full-time undergraduates who started at the Oswego County universities in the 2022-23 school year. Additionally, federal student loans reached $6.8 million.

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 Oswego 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
State University of New York at Oswego1,266$13,315,421$10,518933$6,745,310$7,230
Center for Instruction, Technology & Innovation10$77,116$7,7128$41,938$5,242

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