Quantcast

Myrtle Beach Leader

Thursday, November 14, 2024

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

Webp 46ouitg4fjuwaqbdwyfylrlqfa1k

Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html

Dr. Miguel Cardona (left), Secretary of Education and Cindy Marten, Deputy Secretary | https://www2.ed.gov/news/staff/bios/index.html

College tuition fees rose 2.7% in Horry County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $15,436 on average to attend higher education courses at the time, $404 more than the previous school year.

Among the four institutions in the county, Miller-Motte College-Conway stood out with the highest tuition fees, reaching an average of $25,240. Coastal Carolina University followed with an average of $23,214 per year. Horry-Georgetown Technical College students were offered the lowest annual tuition fees at $5,796.

At the time, a total of $29.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Horry County universities in the 2022-23 school year. Additionally, federal student loans reached $20.5 million.

Currently there are four higher education institutions in Horry County, including Horry-Georgetown Technical College, Strand College of Hair Design, and Miller-Motte College-Conway.

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 Horry 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
Coastal Carolina University2,321$23,067,904$9,9391,698$19,065,438$11,228
Miller-Motte College-Conway74$463,617$6,26532$284,357$8,886
Horry-Georgetown Technical College730$5,412,680$7,415157$875,186$5,574
Strand College of Hair Design65$255,384$3,92963$279,611$4,438

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS