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Durham Reporter

Tuesday, October 15, 2024

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

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Yolanda Neal, President | LinkedIn

Yolanda Neal, President | LinkedIn

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

Data shows that students paid $29,169 on average to attend higher education courses at the time, $992 more than the previous school year.

Among the five institutions providing full disclosure in the county, Duke University stood out with the highest tuition fees, reaching an average of $62,688. Bull City Durham Beauty and Barber College followed with an average of $15,735 per year. Durham Technical Community College students were offered the lowest annual tuition fees at $2,005.

At the time, at least $55.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Durham County universities in the 2022-23 school year. Additionally, federal student loans reached more than $8.1 million.

Currently there are six higher education institutions in Durham County, including Duke University, Watts College of Nursing, and Bull City Durham Beauty and Barber College.

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 six institutions in Durham County, Watts College of Nursing did not provide detailed data on tuition fees.

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

Total Student Aid in Durham 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
Watts College of Nursing------------
North Carolina Central University963$11,988,264$12,449785$4,631,156$5,900
Elevate Salon Institute12$46,226$3,85211$61,692$5,608
Bull City Durham Beauty and Barber College6$29,288$4,8816$55,930$9,322
Durham Technical Community College113$814,655$7,20911$62,130$5,648
Duke University724$42,952,817$59,327282$3,257,291$11,551

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