Cost of education increases for all Northeastern Junior College students in 2022-23 school year

Mike White President of Northeastern Junior College
Mike White President of Northeastern Junior College
0Comments

Tuition for Colorado residents attending Northeastern Junior College rose by 1.9% in the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.

This year, Colorado residents paid $5,345 to enroll at the two-year public college, an increase of $102 from the $5,243 charged during the 2021-22 academic year.

Non-resident students faced tuition fees 43.9% higher than those for residents in 2022-23, amounting to $7,691. This represents a 1.9% increase from the $7,544 charged in the previous year.

Approximately 80% of the undergraduate student body at the college are Colorado residents. Students from other states make up about 12%, while international students comprise 9%.

Financial aid was awarded to 94% of full-time undergraduates who began studies at Northeastern Junior College in 2022-23. A total of 244 students received grants or scholarships amounting to $1.5 million, and 113 students obtained student loans exceeding $595,992.

Across the entire undergraduate population, 908 students were awarded grants or scholarships totaling $5.9 million. Additionally, 316 students borrowed $1.8 million in federal student loans.

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.

Undergraduate Financial Aid

The following data includes only full-time students who began an undergraduate program at the Northeastern Junior College in the 2022-23 school year.

Type of Aid Number of students awarded aid Percent awarded aid Total amount of aid awarded Average amount of aid per student
Federal grants 114 41% $659,118 $5,782
State / local grant or scholarship 116 42% $346,500 $2,987
Institutional grants or scholarships 186 67% $495,577 $2,664
Grant or scholarship aid total 244 88% $1.5 million $6,152
Federal student loans 104 37% $503,679 $4,843
Other student loans 9 3% $92,313 $10,257
Student loan aid 113 41% $595,992 $5,274
Total student aid 262 94% $2.1 million $8,004

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.



Related

Susana Cordova Commissioner of education at Colorado Department of Education

2023-24 School Year Attendance: Phillips County suffered truancy rate of 0.8%

Truancy is a persistent issue in many schools across the United States, with some students regularly skipping classes and falling behind in their studies.

Susana Cordova Commissioner of education at Colorado Department of Education

2023-24 School Year Attendance: Sedgwick County suffered truancy rate of 1.0%

Sedgwick County schools saw a truancy rate of 1.0% in the 2023-24 school year, the Colorado Department of Education reported. That’s lower than the state average.

Susana Cordova Commissioner of education at Colorado Department of Education

Colorado: Logan County schools truancy rate lower than state average in 2023-24 school year

Truancy is a persistent issue in many schools across the United States, with some students regularly skipping classes and falling behind in their studies.

Trending

The Weekly Newsletter

Sign-up for the Weekly Newsletter from NE Colorado News.