Michael Bouman President/COO | National Accrediting Commission of Career Arts and Sciences
Michael Bouman President/COO | National Accrediting Commission of Career Arts and Sciences
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.
| 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 |
|---|---|---|---|---|---|---|
| Jackson State Community College | 663 | $4,363,357 | $6,581 | 0 | $0 | $0 |
| Union University | 327 | $9,375,403 | $28,671 | 125 | $1,023,345 | $8,187 |
| Tennessee College of Applied Technology-Jackson | 194 | $1,023,282 | $5,275 | 0 | $0 | $0 |
| Lane College | 294 | $3,007,278 | $10,229 | 188 | $971,379 | $5,167 |
| Empire Beauty School-Jackson | 63 | $334,860 | $5,315 | 56 | $431,437 | $7,704 |
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