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North Middlesex Times

Thursday, November 21, 2024

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

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Diane Sater-Wee, BS, LMT CEO | American Institute Of Alternative Medicine

Diane Sater-Wee, BS, LMT CEO | American Institute Of Alternative Medicine

College tuition fees rose 1.3% in Middlesex County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $15,853 on average to attend higher education courses at the time, $200 more than the previous school year.

Among the 12 institutions providing full disclosure in the county, American Institute of Medical Sciences & Education stood out with the highest tuition fees, reaching an average of $35,525. Lincoln Technical Institute-South Plainfield followed with an average of $34,442 per year. Middlesex College students were offered the lowest annual tuition fees at $6,876.

At the time, at least $76 million in grants or scholarships were awarded to full-time undergraduates who started at the Middlesex County universities in the 2022-23 school year. Additionally, federal student loans reached more than $42.8 million.

Currently there are 13 higher education institutions in Middlesex County, including Universal Training Institute, Middlesex College, and Lincoln Technical Institute-Iselin.

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.

Of the 13 institutions in Middlesex County, American Institute of Alternative Medicine did not provide detailed data on tuition fees.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Middlesex 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-South Plainfield160$810,017$5,063141$1,245,971$8,837
Pro Beauty Academy5$32,126$6,4256$40,000$6,667
American Institute of Alternative Medicine------------
Middlesex College1,107$6,773,779$6,119104$495,497$4,764
Strayer University-New Jersey------------
Rabbi Jacob Joseph School24$247,754$10,3230$0$0
PC AGE-Metropark18$92,970$5,16516$134,956$8,435
Universal Training Institute57$191,899$3,36769$354,864$5,143
DeVry University-New Jersey------------
Lincoln Technical Institute-Iselin404$1,670,791$4,136373$2,529,656$6,782
Rutgers University-New Brunswick4,054$65,872,354$16,2493,231$37,498,417$11,606
Innovate Salon Academy57$279,454$4,90375$496,470$6,620
American Institute of Medical Sciences & Education7$37,556$5,3657$30,558$4,365

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