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Thursday, November 21, 2024

Average cost of college went up for students in Danville city in 2022-23 school year

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Dr. Tiffany McKillip Franks, President | Averett University

Dr. Tiffany McKillip Franks, President | Averett University

College tuition fees rose 1.6% in Danville city in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $15,846 on average to attend higher education courses at the time, $247 more than the previous school year.

Among the two institutions providing full disclosure in the county, Averett University stood out with the highest tuition fees, reaching an average of $37,790. Danville Community College followed with an average of $4,845 per year.

At the time, at least $8.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Danville city universities in the 2022-23 school year. Additionally, federal student loans reached more than $1.5 million.

Currently there are three higher education institutions in Danville city, including Averett University, Danville Community College, and Sovah School of Health Professions.

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 three institutions in Danville city, Sovah School of Health Professions did not provide detailed data on tuition fees.

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

Total Student Aid in Danville city 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
Danville Community College216$1,454,180$6,73214$78,332$5,595
Averett University248$6,763,865$27,274202$1,403,901$6,950
Sovah School of Health Professions------------

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