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Asheville Reporter

Thursday, November 21, 2024

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

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Dr. Kimberly van Noort Chancellor | University of North Carolina at Asheville

Dr. Kimberly van Noort Chancellor | University of North Carolina at Asheville

College tuition fees rose 2.4% in Buncombe County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $9,335 on average to attend higher education courses at the time, $219 more than the previous school year.

Among the six institutions in the county, Warren Wilson College stood out with the highest tuition fees, reaching an average of $38,450. Montreat College followed with an average of $30,525 per year. Asheville-Buncombe Technical Community College students were offered the lowest annual tuition fees at $2,955.

At the time, a total of $14.4 million in grants or scholarships were awarded to full-time undergraduates who started at the Buncombe County universities in the 2022-23 school year. Additionally, federal student loans reached $3.6 million.

Currently there are six higher education institutions in Buncombe County, including Center for Massage, Asheville-Buncombe Technical Community College, and Montreat 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 Buncombe 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
Asheville-Buncombe Technical Community College380$2,114,771$5,5657$35,628$5,090
Montreat College207$4,042,218$19,528162$1,199,495$7,404
Carolina College of Hair Design Inc25$121,390$4,85622$74,480$3,385
Warren Wilson College191$4,903,060$25,670111$661,651$5,961
Center for Massage27$83,295$3,08522$115,997$5,273
University of North Carolina Asheville458$3,140,276$6,856216$1,536,816$7,115

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