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

College tuition fees rose 2.5% in Madison County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $12,528 on average to attend higher education courses at the time, $301 more than the previous school year.

Among the five institutions in the county, Union University stood out with the highest tuition fees, reaching an average of $36,880. Empire Beauty School-Jackson followed with an average of $17,145 per year. Tennessee College of Applied Technology-Jackson students were offered the lowest annual tuition fees at $4,008.

At the time, a total of $18.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Madison County universities in the 2022-23 school year. Additionally, federal student loans reached $2.4 million.

Currently there are five higher education institutions in Madison County, including Lane College, Union University, and Jackson State 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.

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