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Columbia Standard

Tuesday, October 15, 2024

Average cost of college education in Richland County rises for students in 2022-23 school year

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John H. Dozier, President | Columbia College

John H. Dozier, President | Columbia College

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

Data shows that students paid $22,046 on average to attend higher education courses at the time, $98 more than the previous school year.

Among the 10 institutions in the county, Columbia International University stood out with the highest tuition fees, reaching an average of $26,840. Southeastern College-Columbia followed with an average of $23,324 per year. Kenneth Shuler School of Cosmetology-Columbia students were offered the lowest annual tuition fees at $8,150.

At the time, a total of $54.4 million in grants or scholarships were awarded to full-time undergraduates who started at the Richland County universities in the 2022-23 school year. Additionally, federal student loans reached $39.1 million.

Currently there are 10 higher education institutions in Richland County, including Kenneth Shuler School of Cosmetology-Columbia, Columbia College, and Allen 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 Richland 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
Southeastern Esthetics Institute230$922,186$4,010263$1,357,462$5,161
Kenneth Shuler School of Cosmetology-Columbia34$181,706$5,34436$256,915$7,137
South University-Columbia14$128,600$9,18612$84,519$7,043
Fortis College-Columbia67$484,802$7,23662$513,929$8,289
Southeastern College-Columbia39$218,280$5,59736$484,120$13,448
Allen University164$2,255,866$13,755135$800,844$5,932
University of South Carolina-Columbia5,998$40,559,968$6,7623,225$32,445,576$10,061
Benedict College355$4,182,025$11,780262$1,569,910$5,992
Columbia College180$2,513,034$13,961150$848,426$5,656
Columbia International University155$2,926,935$18,883100$709,700$7,097

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