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Tuesday, October 15, 2024

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

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Wendy E. Raymond, President, Haverford College | Haverford College

Wendy E. Raymond, President, Haverford College | Haverford College

College tuition fees rose 4.2% in Delaware County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $36,363 on average to attend higher education courses at the time, $1,469 more than the previous school year.

Among the 17 institutions in the county, Haverford College stood out with the highest tuition fees, reaching an average of $63,628. Villanova University followed with an average of $61,618 per year. Delaware County Community College students were offered the lowest annual tuition fees at $10,490.

At the time, a total of $123.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Delaware County universities in the 2022-23 school year. Additionally, federal student loans reached $30.6 million.

Currently there are 17 higher education institutions in Delaware County, including Eastern University, Delaware County Technical School-Practical Nursing Program, and Villanova University.

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 Delaware 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
Delaware County Technical School-Practical Nursing Program29$143,636$4,95334$249,666$7,343
Pennsylvania State University-Penn State Brandywine266$2,495,085$9,380222$2,197,684$9,899
Neumann University367$10,045,592$27,372310$2,822,775$9,106
Venus Beauty Academy50$167,384$3,34836$195,900$5,442
Eastern University359$11,239,715$31,308318$2,843,568$8,942
Empire Beauty School-Springfield67$369,604$5,51672$557,589$7,744
Swarthmore College230$14,279,228$62,08435$208,941$5,970
Pennsylvania Institute of Technology56$350,617$6,26163$475,597$7,549
All-State Career School448$2,549,814$5,692409$2,652,607$6,486
Widener University533$19,965,041$37,458451$5,592,165$12,399
Valley Forge Military College36$798,857$22,1907$92,400$13,200
Delaware County Community College294$2,077,270$7,066414$2,374,267$5,735
Cheyney University of Pennsylvania186$2,972,546$15,98161$408,599$6,698
Haverford College153$9,455,772$61,80229$277,219$9,559
Williamson College of the Trades116$4,234,000$36,5000$0$0
Villanova University823$35,346,299$42,948660$7,900,624$11,971
Cabrini University276$6,630,892$24,025224$1,786,210$7,974

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