Brennan J. Randolph, MBA President | Saint Mary-Of-The-Woods College
Brennan J. Randolph, MBA President | Saint Mary-Of-The-Woods College
Data shows that students paid $22,747 on average to attend higher education courses at the time, $567 more than the previous school year.
Among the four institutions in the county, Rose-Hulman Institute of Technology stood out with the highest tuition fees, reaching an average of $54,602. Saint Mary-of-the-Woods College followed with an average of $32,700 per year. Indiana State University students were offered the lowest annual tuition fees at $11,810.
At the time, a total of $39.2 million in grants or scholarships were awarded to full-time undergraduates who started at the Vigo County universities in the 2022-23 school year. Additionally, federal student loans reached $11.1 million.
Currently there are four higher education institutions in Vigo County, including Rose-Hulman Institute of Technology, J Michael Harrold Beauty Academy, and Indiana State University.
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 |
|---|---|---|---|---|---|---|
| J Michael Harrold Beauty Academy | 46 | $220,236 | $4,788 | 55 | $327,584 | $5,956 |
| Saint Mary-of-the-Woods College | 199 | $5,724,181 | $28,765 | 160 | $1,577,230 | $9,858 |
| Rose-Hulman Institute of Technology | 594 | $17,944,727 | $30,210 | 295 | $3,697,630 | $12,534 |
| Indiana State University | 1,337 | $15,298,251 | $11,442 | 880 | $5,468,285 | $6,214 |
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