W. Taylor Reveley IV, President | Longwood University
W. Taylor Reveley IV, President | Longwood University
Data shows that students paid $22,959 on average to attend higher education courses at the time, $724 more than the previous school year.
Among the two institutions in the county, Hampden-Sydney College stood out with the highest tuition fees, reaching an average of $50,740. Longwood University followed with an average of $15,507 per year.
At the time, a total of $18.9 million in grants or scholarships were awarded to full-time undergraduates who started at the Prince Edward County universities in the 2022-23 school year. Additionally, federal student loans reached $4 million.
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 |
---|---|---|---|---|---|---|
Longwood University | 778 | $8,456,376 | $10,869 | 386 | $2,875,946 | $7,451 |
Hampden-Sydney College | 278 | $10,440,171 | $37,555 | 140 | $1,109,057 | $7,922 |