Philip King Director | Linkedin
Philip King Director | Linkedin
Data shows that students paid $4,872 on average to attend higher education courses at the time, $191 more than the previous school year.
Among the three institutions in the county, Four Rivers Career Center stood out with the highest tuition fees, reaching an average of $17,295. The Evolve Beauty Academy followed with an average of $15,500 per year. East Central College students were offered the lowest annual tuition fees at $4,602.
At the time, a total of $2.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Franklin County universities in the 2022-23 school year. Additionally, federal student loans reached $334,604.
Currently there are three higher education institutions in Franklin County, including Four Rivers Career Center, East Central College, and Evolve Beauty Academy.
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 |
|---|---|---|---|---|---|---|
| Four Rivers Career Center | 0 | $0 | $0 | 5 | $47,449 | $9,490 |
| East Central College | 449 | $2,263,738 | $5,042 | 43 | $230,989 | $5,372 |
| Evolve Beauty Academy | 5 | $29,224 | $5,845 | 8 | $56,166 | $7,021 |
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