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Thursday, November 14, 2024

Average cost of college went up for students in Rhode Island in 2022-23 school year

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Average tuition fees rose 3.6% for college students in Rhode Island in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $32,341 on average to attend higher education courses at the time, $1,135 more than the previous school year.

Among the 19 institutions in the state, Brown University stood out with the highest tuition fees, reaching an average of $65,146. Providence College followed with an average of $57,928 per year. Community College of Rhode Island students were offered the lowest annual tuition fees at $5,346.

At the time, a total of $247.3 million in grants or scholarships were awarded to full-time undergraduates who started college in Rhode Island. Additionally, federal student loans reached $86.6 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.

Average Tuition Fees in Rhode Island Universities in 2022-23 School Year

InstitutionAverage Tuition FeesTotal Enrollment
Brown University$65,1467,639
Providence College$57,9283,996
Rhode Island School of Design$57,5052,108
Bryant University$49,3293,204
Salve Regina University$46,0002,190
Roger Williams University$40,9624,103
Johnson & Wales University-Providence$38,4924,158
New England Institute of Technology$33,9001,720
Lincoln Technical Institute-Lincoln$28,973673
University of Rhode Island$26,89514,768
IYRS School of Technology & Trades$22,59083
Empire Beauty School-Warwick$17,250135
Paul Mitchell the School-Rhode Island$16,437129
Toni & Guy Hairdressing Academy-Cranston$16,138130
Rhode Island College$14,0734,719
Johnson & Wales University-Online$13,3651,843
New England Tractor Trailer Training School of Rhode Island$12,095276
College Unbound$9,984285
Community College of Rhode Island$5,34612,263

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