Kent MacDonald, President and CEO | Northwood University
Kent MacDonald, President and CEO | Northwood University
Data shows that students paid $31,375 on average to attend higher education courses at the time, $1,069 more than the previous school year.
Among the two institutions in the county, Northwood University stood out with the highest tuition fees, reaching an average of $31,600. Ross Medical Education Center-Midland followed with an average of $16,297 per year.
At the time, a total of $4.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Midland County universities in the 2022-23 school year. Additionally, federal student loans reached $2 million.
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 |
---|---|---|---|---|---|---|
Ross Medical Education Center-Midland | 17 | $88,086 | $5,182 | 20 | $230,839 | $11,542 |
Northwood University | 228 | $4,716,132 | $20,685 | 202 | $1,728,904 | $8,559 |