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Rockford Sun

Friday, September 27, 2024

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

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Stephen Tave CEO | Stautzenberger College-Rockford Career College

Stephen Tave CEO | Stautzenberger College-Rockford Career College

College tuition fees rose 7.9% in Winnebago County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $13,863 on average to attend higher education courses at the time, $1,014 more than the previous school year.

Among the seven institutions in the county, Rockford University stood out with the highest tuition fees, reaching an average of $35,050. Saint Anthony College of Nursing followed with an average of $27,811 per year. Rock Valley College students were offered the lowest annual tuition fees at $10,584.

At the time, at least $7.7 million in grants or scholarships were awarded to full-time undergraduates who started at the Winnebago County universities in the 2022-23 school year. Additionally, federal student loans reached more than $3.8 million.

Currently there are seven higher education institutions in Winnebago County, including Stautzenberger College-Rockford Career College, Saint Anthony College of Nursing, and Tricoci University of Beauty Culture-Rockford.

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 Winnebago 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
Rasmussen University-Illinois76$514,048$6,76471$627,400$8,837
Rock Valley College342$1,946,948$5,69348$228,280$4,756
Rockford University168$3,847,707$22,903124$911,611$7,352
Stautzenberger College-Rockford Career College137$978,070$7,139140$1,440,425$10,289
Saint Anthony College of Nursing------------
Tricoci University of Beauty Culture-Rockford34$196,338$5,77541$378,169$9,224
Educators of Beauty College of Cosmetology-Rockford37$180,870$4,88841$259,710$6,334

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