John Shelmidine, Board of Education President | Center for Instruction, Technology & Innovation
John Shelmidine, Board of Education President | Center for Instruction, Technology & Innovation
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.
Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
---|---|---|---|---|---|---|
State University of New York at Oswego | 1,266 | $13,315,421 | $10,518 | 933 | $6,745,310 | $7,230 |
Center for Instruction, Technology & Innovation | 10 | $77,116 | $7,712 | 8 | $41,938 | $5,242 |