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Thursday, November 21, 2024

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

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Micheal Marks Director of School | Linkedin

Micheal Marks Director of School | Linkedin

College tuition fees rose 0.4% in Williamson County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $15,365 on average to attend higher education courses at the time, $59 more than the previous school year.

Among the three institutions in the county, Empire Beauty School-Nashville stood out with the highest tuition fees, reaching an average of $17,145. Williamson Christian College followed with an average of $13,940 per year. Franklin Hair Academy School of Cosmetology students were offered the lowest annual tuition fees at $13,075.

At the time, a total of $199,738 in grants or scholarships were awarded to full-time undergraduates who started at the Williamson County universities in the 2022-23 school year. Additionally, federal student loans reached $297,975.

Currently there are three higher education institutions in Williamson County, including Empire Beauty School-Nashville, Franklin Hair Academy School of Cosmetology, and Williamson Christian 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 Williamson 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
Franklin Hair Academy School of Cosmetology0$0$06$46,500$7,750
Williamson Christian College6$44,466$7,4110$0$0
Empire Beauty School-Nashville37$155,272$4,19739$251,475$6,448

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