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Saturday, November 23, 2024

Average cost of college education in Winona County rises for students in 2022-23 school year

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Dr. Marsha A. Danielson, President | Minnesota State College Southeast

Dr. Marsha A. Danielson, President | Minnesota State College Southeast

College tuition fees rose 4.7% in Winona County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $15,175 on average to attend higher education courses at the time, $684 more than the previous school year.

Among the three institutions in the county, Saint Mary's University of Minnesota stood out with the highest tuition fees, reaching an average of $41,150. Winona State University followed with an average of $12,622 per year. Minnesota State College Southeast students were offered the lowest annual tuition fees at $7,490.

At the time, a total of $12.4 million in grants or scholarships were awarded to full-time undergraduates who started at the Winona County universities in the 2022-23 school year. Additionally, federal student loans reached $7.9 million.

Currently there are three higher education institutions in Winona County, including Saint Mary's University of Minnesota, Winona State University, and Minnesota State College Southeast.

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 Winona 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
Saint Mary's University of Minnesota215$6,955,676$32,352116$1,025,674$8,842
Winona State University1,111$4,998,040$4,499707$6,482,098$9,168
Minnesota State College Southeast86$464,990$5,40761$346,312$5,677

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