Pamela Lau President of Parkland College | highered.aspeninstitute.org
Pamela Lau President of Parkland College | highered.aspeninstitute.org
Data shows that students paid $17,236 on average to attend higher education courses at the time, $296 more than the previous school year.
Among the three institutions in the county, Tricoci University of Beauty Culture stood out with the highest tuition fees, reaching an average of $18,340. The University of Illinois Urbana-Champaign followed with an average of $18,125 per year. Parkland College students were offered the lowest annual tuition fees at $11,715.
At the time, a total of $69.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Champaign County universities in the 2022-23 school year. Additionally, federal student loans reached $18.4 million.
Currently there are three higher education institutions in Champaign County, including Tricoci University of Beauty Culture, University of Illinois Urbana-Champaign, and Parkland 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 |
|---|---|---|---|---|---|---|
| University of Illinois Urbana-Champaign | 3,842 | $67,325,346 | $17,524 | 2,423 | $17,429,404 | $7,193 |
| Tricoci University of Beauty Culture | 36 | $302,979 | $8,416 | 44 | $355,462 | $8,079 |
| Parkland College | 372 | $2,300,816 | $6,185 | 174 | $645,490 | $3,710 |
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