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Atlantic County Times

Tuesday, October 15, 2024

Average cost of college went down for students in Atlantic County in 2022-23 school year

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Dr. Barbara Gaba President | Atlantic Cape Community College

Dr. Barbara Gaba President | Atlantic Cape Community College

College tuition fees fell 2.1% in Atlantic County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $12,305 on average to attend higher education courses at the time, less than the $260 charged for the previous school year.

Among the four institutions in the county, Prism Career Institute-West Atlantic City stood out with the highest tuition fees, reaching an average of $27,065. Shore Beauty School followed with an average of $20,025 per year. Atlantic Cape Community College students were offered the lowest annual tuition fees at $5,472.

At the time, a total of $21.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Atlantic County universities in the 2022-23 school year. Additionally, federal student loans reached $8.9 million.

Currently there are four higher education institutions in Atlantic County, including Stockton University, Atlantic Cape Community College, and Shore Beauty School.

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 Atlantic 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
Atlantic Cape Community College538$3,291,610$6,11850$252,833$5,057
Prism Career Institute-West Atlantic City88$443,646$5,04190$580,795$6,453
Shore Beauty School85$498,547$5,86589$702,234$7,890
Stockton University1,432$17,257,851$12,052886$7,325,685$8,268

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