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Sunday, December 22, 2024

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

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Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html

Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html

College tuition fees rose 4.5% in Jefferson County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $24,517 on average to attend higher education courses at the time, $1,056 more than the previous school year.

Among the 10 institutions providing full disclosure in the county, Colorado Christian University stood out with the highest tuition fees, reaching an average of $37,432. Colorado School of Mines followed with an average of $30,855 per year. Red Rocks Community College students were offered the lowest annual tuition fees at $4,704.

At the time, at least $29.4 million in grants or scholarships were awarded to full-time undergraduates who started at the Jefferson County universities in the 2022-23 school year. Additionally, federal student loans reached more than $10.1 million.

Currently there are 11 higher education institutions in Jefferson County, including Colorado School of Healing Arts, Taft University System, and Red Rocks Community 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 11 institutions in Jefferson County, Taft University System did not provide detailed data on tuition fees.

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

Total Student Aid in Jefferson 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
Paul Mitchell the School-Denver31$158,635$5,11741$300,649$7,333
Colorado School of Healing Arts------------
Colorado Christian University436$10,218,221$23,436222$1,923,664$8,665
Colorado Media School46$140,427$3,05350$354,382$7,088
Colorado School of Mines1,414$15,843,044$11,204573$5,591,852$9,759
Colorado School of Trades31$146,754$4,73429$285,851$9,857
Empire Beauty School-Littleton13$75,400$5,80013$91,500$7,038
Elevate Salon Institute-Westminster37$160,194$4,33049$303,985$6,204
Red Rocks Community College214$1,932,707$9,03161$180,613$2,961
Rocky Mountain College of Art and Design105$692,226$6,593100$1,097,802$10,978
Taft University System------------

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