Dr. David T. McFaddin President | Eastern Kentucky University
Dr. David T. McFaddin President | Eastern Kentucky University
Data shows that students paid $14,446 on average to attend higher education courses at the time, $261 more than the previous school year.
Among the four institutions in the county, Berea College stood out with the highest tuition fees, reaching an average of $45,026. Kentucky Horseshoeing School followed with an average of $29,000 per year. Eastern Kentucky University students were offered the lowest annual tuition fees at $10,778.
At the time, a total of $47.1 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 $7.7 million.
Currently there are four higher education institutions in Madison County, including Berea College, Medical Career & Technical College, and Kentucky Horseshoeing School.
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 |
|---|---|---|---|---|---|---|
| Eastern Kentucky University | 2,483 | $28,454,103 | $11,460 | 1,152 | $7,027,740 | $6,100 |
| Berea College | 352 | $18,276,871 | $51,923 | 26 | $64,274 | $2,472 |
| Kentucky Horseshoeing School | 18 | $67,870 | $3,771 | 21 | $228,908 | $10,900 |
| Medical Career & Technical College | 46 | $280,831 | $6,105 | 52 | $413,921 | $7,960 |
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