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Wednesday, October 16, 2024

Students paid more for higher education in New Haven County in 2022-23 school year

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Dwayne Smith President | Southern Connecticut State University

Dwayne Smith President | Southern Connecticut State University

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

Data shows that students paid $32,090 on average to attend higher education courses at the time, $1,087 more than the previous school year.

Among the 16 institutions in the county, Yale University stood out with the highest tuition fees, reaching an average of $62,250. Quinnipiac University followed with an average of $51,790 per year. Branford Academy of Hair and Cosmetology students were offered the lowest annual tuition fees at $7,390.

At the time, at least $155.8 million in grants or scholarships were awarded to full-time undergraduates who started at the New Haven County universities in the 2022-23 school year. Additionally, federal student loans reached more than $40.4 million.

Currently there are 16 higher education institutions in New Haven County, including Academy Di Capelli-School of Cosmetology, Industrial Management Training Institute, and Albertus Magnus 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.

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

Total Student Aid in New Haven 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
Academy Di Capelli-School of Cosmetology102$326,907$3,205231$1,285,700$5,566
Albertus Magnus College160$4,215,499$26,347129$1,698,227$13,165
Quinnipiac University1,604$48,176,009$30,0351,064$13,885,394$13,050
University of New Haven1,224$36,317,265$29,6711,132$11,682,253$10,320
Post University772$6,706,180$8,687705$5,027,274$7,131
Southern Connecticut State University840$7,380,471$8,786730$4,865,109$6,665
Yale University837$49,446,405$59,07693$488,823$5,256
Oxford Academy of Hair Design Inc35$148,082$4,23138$217,146$5,714
Branford Academy of Hair and Cosmetology0$0$00$0$0
TIGI Hairdressing Academy Guilford6$25,970$4,32811$70,500$6,409
Belle Academy of Cosmetology LLC------------
Industrial Management Training Institute35$84,206$2,40629$176,480$6,086
Dolce The Academy25$128,272$5,13126$129,524$4,982
University of Connecticut-Waterbury Campus182$2,381,106$13,08389$454,174$5,103
Porter & Chester Institute of Hamden59$448,039$7,59459$326,260$5,530
Paul Mitchell the School-North Haven13$61,962$4,76614$112,914$8,065

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