Dr. John D. McCurdy Founder | North Central Institute
Dr. John D. McCurdy Founder | North Central Institute
Data shows that students paid $9,251 on average to attend higher education courses at the time, $36 more than the previous school year.
Among the four institutions in the county, the North Central Institute stood out with the highest tuition fees, reaching an average of $17,802. Queen City College followed with an average of $16,150 per year. Austin Peay State University students were offered the lowest annual tuition fees at $9,047.
At the time, at least $14.3 million in grants or scholarships were awarded to full-time undergraduates who started at the Montgomery County universities in the 2022-23 school year. Additionally, federal student loans reached more than $3.7 million.
Currently there are four higher education institutions in Montgomery County, including Austin Peay State University, Austin's Beauty College Inc, and Queen City 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 |
|---|---|---|---|---|---|---|
| Austin's Beauty College Inc | 47 | $266,984 | $5,681 | 45 | $368,812 | $8,196 |
| North Central Institute | 9 | $64,151 | $7,128 | 0 | $0 | $0 |
| Queen City College | -- | -- | -- | -- | -- | -- |
| Austin Peay State University | 1,244 | $13,991,293 | $11,247 | 564 | $3,317,981 | $5,883 |
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