Dr. Miguel Cardona, Secretary of Education | Official website
Dr. Miguel Cardona, Secretary of Education | Official website
Data shows that students paid $7,598 on average to attend higher education courses at the time, $172 more than the previous school year.
Among the two institutions in the county, Michigan College of Beauty-Monroe stood out with the highest tuition fees, reaching an average of $15,725. Monroe County Community College followed with an average of $7,235 per year.
At the time, a total of $852,822 in grants or scholarships were awarded to full-time undergraduates who started at the Monroe County universities in the 2022-23 school year. Additionally, federal student loans reached $557,873.
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.
| Institution | Number of Students Receiving Grants | Total Amount of Grants Received | Average Amount of Grant Per Student | Number of Students Receiving Loans | Total Amount of Loans Received | Average Amount of Loans Per Student |
|---|---|---|---|---|---|---|
| Michigan College of Beauty-Monroe | 67 | $152,184 | $2,271 | 66 | $259,710 | $3,935 |
| Monroe County Community College | 150 | $700,638 | $4,671 | 62 | $298,163 | $4,809 |
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