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Friday, September 27, 2024

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

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President Dr. Mary K. Grant | Massachusetts College of Art and Design

President Dr. Mary K. Grant | Massachusetts College of Art and Design

College tuition fees rose 3.8% in Suffolk County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $42,014 on average to attend higher education courses at the time, $1,522 more than the previous school year.

Among the 24 institutions providing full disclosure in the county, Boston University stood out with the highest tuition fees, reaching an average of $62,360. Northeastern University followed with an average of $60,192 per year. Bunker Hill Community College students were offered the lowest annual tuition fees at $5,334.

At the time, at least $368.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Suffolk County universities in the 2022-23 school year. Additionally, federal student loans reached more than $73.4 million.

Currently there are 27 higher education institutions in Suffolk County, including Simmons University, Jupiter Beauty Academy, and Northeastern University.

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 27 institutions in Suffolk County, three did not provide detailed data on tuition fees, including Saint John's Seminary, Northeastern University Professional Programs, and MGH Institute of Health Professions.

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

Total Student Aid in Suffolk 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
Benjamin Franklin Cummings Institute of Technology117$1,274,999$10,89783$445,131$5,363
MCPHS University723$16,086,363$22,249510$6,453,041$12,653
North Bennet Street School10$151,955$15,1968$93,410$11,676
Urban College of Boston------------
The New England Conservatory of Music41$1,161,380$28,32611$71,491$6,499
Boston Architectural College13$124,637$9,58711$195,352$17,759
Cambridge College------------
Simmons University391$13,244,758$33,874245$2,047,109$8,356
Suffolk University1,234$36,560,255$29,627780$7,999,328$10,256
Roxbury Community College90$394,374$4,3820$0$0
Massachusetts College of Art and Design322$3,562,929$11,065259$2,780,137$10,734
Berklee College of Music1,029$22,213,301$21,587498$7,355,128$14,769
Saint John's Seminary------------
Boston University1,804$99,364,676$55,080770$9,033,784$11,732
Boston Baptist College0$0$00$0$0
University of Massachusetts-Boston2,035$25,664,104$12,6111,373$10,267,481$7,478
MGH Institute of Health Professions------------
Fisher College189$4,709,252$24,917171$1,037,605$6,068
Emerson College781$20,654,867$26,447502$5,698,205$11,351
Northeastern University1,831$85,247,183$46,558991$8,946,288$9,028
Northeastern University Professional Programs------------
Jupiter Beauty Academy0$0$00$0$0
Bunker Hill Community College608$4,372,021$7,19166$299,365$4,536
Emmanuel College568$17,509,759$30,827378$3,989,283$10,554
Wentworth Institute of Technology830$16,397,495$19,756547$6,584,248$12,037
Hellenic College-Holy Cross Greek Orthodox School of Theology0$0$00$0$0
Empire Beauty School-Boston19$112,070$5,89813$99,500$7,654

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