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Saturday, September 28, 2024

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

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Vicki P. Karolewics President | George C Wallace State Community College-Hanceville

Vicki P. Karolewics President | George C Wallace State Community College-Hanceville

College tuition fees rose 1.2% in Cullman County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $4,996 on average to attend George C Wallace State Community College-Hanceville courses at the time, $61 more than the previous school year.

For comparison, Alabama universities charge students an annual average of $13,412 per year.

At the time, a total of $3.9 million in grants or scholarships were awarded to full-time undergraduates who enrolled in the university. Additionally, federal student loans reached $1.1 million.

Currently, there are 5,965 students enrolled in George C Wallace State Community College-Hanceville.

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 George C Wallace State Community College-Hanceville 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
George C Wallace State Community College-Hanceville667$3,871,271$5,804203$1,093,564$5,387

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