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North Tidewater News

Sunday, December 22, 2024

Average cost of college went down for students in Hampton city in 2022-23 school year

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Dr. Porter Brannon, President | Virginia Peninsula Community College

Dr. Porter Brannon, President | Virginia Peninsula Community College

College tuition fees fell 0.5% in Hampton city in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $12,705 on average to attend higher education courses at the time, less than the $67 charged for the previous school year.

Among the four institutions in the county, Hampton University stood out with the highest tuition fees, reaching an average of $29,162. Asher Institute of Hampton followed with an average of $17,134 per year. Virginia Peninsula Community College students were offered the lowest annual tuition fees at $4,926.

At the time, at least $14 million in grants or scholarships were awarded to full-time undergraduates who started at the Hampton city universities in the 2022-23 school year. Additionally, federal student loans reached more than $4.8 million.

Currently there are four higher education institutions in Hampton city, including Virginia Peninsula Community College, Asher Institute of Hampton, and Hampton University.

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 Hampton city 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
Virginia Peninsula Community College267$1,808,097$6,77254$315,028$5,834
Ascent College------------
Hampton University701$12,229,410$17,446524$4,439,500$8,472
Asher Institute of Hampton0$0$00$0$0

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