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Saturday, September 28, 2024

Average cost of college went up for students in Ouachita Parish in 2022-23 school year

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Cindy Marten, Deputy Secretary of Education | https://upload.wikimedia.org/wikipedia/commons/a/a0/Cindy_Marten%2C_Deputy_Secretary_of_Education_2.jpg

Cindy Marten, Deputy Secretary of Education | https://upload.wikimedia.org/wikipedia/commons/a/a0/Cindy_Marten%2C_Deputy_Secretary_of_Education_2.jpg

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

Data shows that students paid $8,057 on average to attend higher education courses at the time, $31 more than the previous school year.

Among the nine institutions in the county, Miller-Motte College-McCann-Monroe stood out with the highest tuition fees, reaching an average of $21,040. Celebrity Barber School followed with an average of $17,500 per year. Louisiana Delta Community College students were offered the lowest annual tuition fees at $4,159.

At the time, at least $17 million in grants or scholarships were awarded to full-time undergraduates who started at the Ouachita Parish universities in the 2022-23 school year. Additionally, federal student loans reached more than $5.1 million.

Currently there are nine higher education institutions in Ouachita Parish, including Miller-Motte College-McCann-Monroe, Cloyd's Beauty School 3 Inc, and Unitech Training Academy-West Monroe.

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 Ouachita Parish 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
Miller-Motte College-McCann-Monroe43$253,666$5,89943$334,579$7,781
Louisiana Delta Community College469$3,062,399$6,530191$949,692$4,972
Cloyd's Barber School 2 Inc5$33,875$6,7750$0$0
Unitech Training Academy-West Monroe224$1,014,848$4,531229$1,539,567$6,723
University of Louisiana at Monroe952$12,494,298$13,124394$2,251,049$5,713
Celebrity Barber School------------
Cloyd's Beauty School 3 Inc25$120,664$4,8270$0$0
Celebrity Stylist Beauty School0$0$00$0$0
Cloyd's Beauty School 1 Inc11$58,757$5,3420$0$0

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