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Saturday, September 28, 2024

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

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Dorene Petersen, BA, DIP.NT, DIP.ACU, RH (AHG) Founding President | American College Of Healthcare Sciences

Dorene Petersen, BA, DIP.NT, DIP.ACU, RH (AHG) Founding President | American College Of Healthcare Sciences

College tuition fees rose 2.9% in Multnomah County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $16,122 on average to attend higher education courses at the time, $447 more than the previous school year.

Among the 15 institutions providing full disclosure in the county, Reed College stood out with the highest tuition fees, reaching an average of $64,760. Lewis & Clark College followed with an average of $59,684 per year. Portland Community College students were offered the lowest annual tuition fees at $5,055.

At the time, at least $91.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Multnomah County universities in the 2022-23 school year. Additionally, federal student loans reached more than $19.3 million.

Currently there are 20 higher education institutions in Multnomah County, including Warner Pacific University, Multnomah University, and Mt Hood Community College.

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.

Of the 20 institutions in Multnomah County, five did not provide detailed data on tuition fees, including National University of Natural Medicine, East West College of the Healing Arts, and Warner Pacific University Professional and Graduate Studies.

Available data sometimes exceeds 100% due to rounding and administrative calculations.

Total Student Aid in Multnomah 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
Lewis & Clark College623$23,990,004$38,507499$3,375,483$6,764
Portland Community College1,293$8,853,502$6,847455$2,322,819$5,105
American College of Healthcare Sciences5$24,162$4,8320$0$0
Warner Pacific University Professional and Graduate Studies------------
Portland Actors Conservatory0$0$00$0$0
Multnomah University90$1,639,241$18,21486$476,813$5,544
Beau Monde Academy of Barbering and Cosmetology15$93,029$6,20215$119,422$7,961
Reed College215$9,958,089$46,317184$1,332,309$7,241
Carrington College-Portland120$558,685$4,656123$897,333$7,295
Aveda Institute-Portland11$63,084$5,73514$134,145$9,582
Mt Hood Community College467$3,439,273$7,365161$954,792$5,930
University of Western States------------
Portland State University1,275$11,254,755$8,827499$3,045,906$6,104
Oregon Health & Science University------------
University of Portland809$27,891,271$34,476397$3,408,946$8,587
Pacific Northwest College of Art89$2,211,247$24,84556$362,496$6,473
National University of Natural Medicine------------
Warner Pacific University45$657,850$14,61927$152,500$5,648
Concorde Career College-Portland237$1,132,985$4,781280$2,679,172$9,568
East West College of the Healing Arts------------

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