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Providence Reporter

Thursday, November 21, 2024

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

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Ross Gittell, Ph.D., President | Bryant University

Ross Gittell, Ph.D., President | Bryant University

College tuition fees rose 3.9% in Providence County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $44,094 on average to attend higher education courses at the time, $1,642 more than the previous school year.

Among the 13 institutions in the county, Brown University stood out with the highest tuition fees, reaching an average of $65,146. Providence College followed with an average of $57,928 per year. The College Unbound students were offered the lowest annual tuition fees at $9,984.

At the time, a total of $145.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Providence County universities in the 2022-23 school year. Additionally, federal student loans reached $40.2 million.

Currently there are 13 higher education institutions in Providence County, including New England Tractor Trailer Training School of Rhode Island, Johnson & Wales University-Online, and Lincoln Technical Institute-Lincoln.

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 Providence 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
Brown University879$51,314,197$58,378170$2,002,636$11,780
Toni & Guy Hairdressing Academy-Cranston19$111,805$5,88429$225,517$7,776
Empire Beauty School-Warwick47$203,025$4,32048$330,838$6,892
Providence College944$28,358,170$30,040713$7,662,112$10,746
Johnson & Wales University-Providence967$24,283,556$25,112769$8,518,806$11,078
Lincoln Technical Institute-Lincoln450$2,025,323$4,501420$3,457,991$8,233
Rhode Island College601$4,205,875$6,998354$2,538,371$7,171
Paul Mitchell the School-Rhode Island7$27,931$3,99011$93,710$8,519
Rhode Island School of Design159$5,842,074$36,743145$1,244,918$8,586
Bryant University946$25,985,954$27,469586$8,534,566$14,564
Johnson & Wales University-Online10$67,578$6,75816$114,500$7,156
New England Tractor Trailer Training School of Rhode Island686$3,452,801$5,033830$5,522,554$6,654
College Unbound6$48,762$8,1270$0$0

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