Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.
Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.
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.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| Lincoln Technical Institute-Moorestown | 469 | $2,209,910 | $4,712 | 422 | $2,855,665 | $6,767 |
| Rowan College at Burlington County | 599 | $3,581,092 | $5,978 | 97 | $477,203 | $4,920 |
| Burlington County Institute of Technology-Adult Education | 13 | $84,677 | $6,514 | 14 | $109,529 | $7,824 |
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