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Staten Island Reporter

Tuesday, October 15, 2024

Average cost of college went up for students in Richmond County in 2022-23 school year

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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

College tuition fees rose 0.6% in Richmond County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $14,222 on average to attend higher education courses at the time, $88 more than the previous school year.

Among the six institutions in the county, Wagner College stood out with the highest tuition fees, reaching an average of $51,260. St Paul's School of Nursing-Staten Island followed with an average of $17,300 per year. Career School of NY students were offered the lowest annual tuition fees at $4,385.

At the time, a total of $27 million in grants or scholarships were awarded to full-time undergraduates who started at the Richmond County universities in the 2022-23 school year. Additionally, federal student loans reached $4.5 million.

Currently there are six higher education institutions in Richmond County, including Career School of NY, Torah Temimah Talmudical Seminary, and College of Staten Island CUNY.

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 Richmond 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
Wagner College407$14,375,952$35,322235$2,310,126$9,830
Paul Mitchell the School-NYC12$78,940$6,57823$154,054$6,698
College of Staten Island CUNY1,474$12,048,245$8,174206$1,394,697$6,770
Career School of NY31$187,150$6,03781$332,500$4,105
Torah Temimah Talmudical Seminary9$75,651$8,4060$0$0
St Paul's School of Nursing-Staten Island31$266,575$8,59934$304,849$8,966

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