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
Data shows that students paid $7,486 on average to attend higher education courses at the time, $526 more than the previous school year.
Among the two institutions in the county, Formations Institute of Cosmetology & Barbering stood out with the highest tuition fees, reaching an average of $15,750. High Plains Technology Center followed with an average of $6,000 per year.
At the time, a total of $154,877 in grants or scholarships were awarded to full-time undergraduates who started at the Woodward County universities in the 2022-23 school year. Additionally, federal student loans reached $113,364.
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 |
---|---|---|---|---|---|---|
Formations Institute of Cosmetology & Barbering | 17 | $80,763 | $4,751 | 16 | $113,364 | $7,085 |
High Plains Technology Center | 31 | $74,114 | $2,391 | 0 | $0 | $0 |