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Saturday, September 28, 2024

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

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Thomas M. Eastwick, President | LinkedIn

Thomas M. Eastwick, President | LinkedIn

College tuition fees rose 3.5% in Bergen County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $20,497 on average to attend higher education courses at the time, $699 more than the previous school year.

Among the 14 institutions in the county, Felician University stood out with the highest tuition fees, reaching an average of $36,410. Jersey College followed with an average of $35,240 per year. Bergen Community College students were offered the lowest annual tuition fees at $8,442.

At the time, a total of $48 million in grants or scholarships were awarded to full-time undergraduates who started at the Bergen County universities in the 2022-23 school year. Additionally, federal student loans reached $19.4 million.

Currently there are 14 higher education institutions in Bergen County, including Aviation Institute of Maintenance-Teterboro, Adult and Continuing Education-BCTS, and Fairleigh Dickinson University-Metropolitan Campus.

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 Bergen 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
Fairleigh Dickinson University-Metropolitan Campus452$14,239,940$31,504231$1,710,516$7,405
Bergen Community College2,142$10,895,283$5,087486$2,476,688$5,096
Aviation Institute of Maintenance-Teterboro30$159,729$5,32442$263,823$6,282
Adult and Continuing Education-BCTS81$235,744$2,91059$155,268$2,632
Ramapo College of New Jersey560$7,269,005$12,980411$4,083,506$9,936
Holy Name Medical Center-Sister Claire Tynan School of Nursing0$0$00$0$0
Parisian Beauty School39$216,956$5,56346$320,623$6,970
Lincoln Technical Institute-Mahwah505$2,185,147$4,327445$3,695,099$8,304
Eastwick College-Ramsey70$400,278$5,71852$407,295$7,833
Eastwick College-Hackensack99$350,750$3,54385$293,242$3,450
Mobile Technical Training59$310,385$5,26155$279,313$5,078
Jersey College304$1,344,060$4,421368$2,678,482$7,278
Felician University262$8,961,853$34,206106$980,692$9,252
Lincoln Technical Institute-Paramus342$1,420,114$4,152297$2,104,266$7,085

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