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St. Paul Reporter

Tuesday, October 15, 2024

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

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ReBecca Koenig Roloff \'76, MBA President | St Catherine University

ReBecca Koenig Roloff \'76, MBA President | St Catherine University

College tuition fees rose 3.2% in Ramsey County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $31,679 on average to attend higher education courses at the time, $993 more than the previous school year.

Among the nine institutions in the county, Macalester College stood out with the highest tuition fees, reaching an average of $62,500. The University of St Thomas followed with an average of $50,366 per year. Saint Paul College students were offered the lowest annual tuition fees at $6,318.

At the time, a total of $124.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Ramsey County universities in the 2022-23 school year. Additionally, federal student loans reached $21.3 million.

Currently there are nine higher education institutions in Ramsey County, including Macalester College, Hamline University, and University of St Thomas.

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 Ramsey 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
Concordia University-Saint Paul295$4,988,623$16,911203$1,606,975$7,916
Metropolitan State University80$641,690$8,02121$105,338$5,016
Saint Paul College424$2,648,961$6,24899$523,079$5,284
Bethel University436$11,302,923$25,924271$2,625,920$9,690
University of St Thomas1,488$48,780,518$32,783708$7,770,175$10,975
University of Northwestern-St Paul394$8,415,861$21,360257$2,474,029$9,627
Macalester College485$19,559,787$40,329232$1,872,783$8,072
St Catherine University322$11,658,381$36,206206$1,568,284$7,613
Hamline University477$16,209,104$33,981299$2,791,187$9,335

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