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Burlington Review

Saturday, September 28, 2024

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

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Dr. Anthony C. Wright Chairman | Rowan College at Burlington County

Dr. Anthony C. Wright Chairman | Rowan College at Burlington County

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

Data shows that students paid $7,632 on average to attend higher education courses at the time, $179 more than the previous school year.

Among the three institutions in the county, Lincoln Technical Institute-Moorestown stood out with the highest tuition fees, reaching an average of $30,133. Rowan College at Burlington County followed with an average of $5,284 per year. Burlington County Institute of Technology-Adult Education students were offered the lowest annual tuition fees at $4,880.

At the time, a total of $5.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Burlington County universities in the 2022-23 school year. Additionally, federal student loans reached $3.4 million.

Currently there are three higher education institutions in Burlington County, including Lincoln Technical Institute-Moorestown, Burlington County Institute of Technology-Adult Education, and Rowan College at Burlington County.

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 Burlington 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
Lincoln Technical Institute-Moorestown469$2,209,910$4,712422$2,855,665$6,767
Rowan College at Burlington County599$3,581,092$5,97897$477,203$4,920
Burlington County Institute of Technology-Adult Education13$84,677$6,51414$109,529$7,824

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