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Thursday, November 21, 2024

Average cost of college education in Shannon County remains unchanged for students in 2022-23 school year

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Dawn Frank President Oglala Lakota College | Tribal College Journal of American Indian Higher Education

Dawn Frank President Oglala Lakota College | Tribal College Journal of American Indian Higher Education

College tuition fees were unchanged in Shannon County in the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Data shows that students paid $2,684 on average to attend Oglala Lakota College courses at the time, unchanged from the previous school year.

For comparison, South Dakota universities charge students an annual average of $12,445 per year.

At the time, a total of $649,015 in grants or scholarships were awarded to full-time undergraduates who enrolled in the university.

Currently, there are 1,147 students enrolled in Oglala Lakota 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.

Total Student Aid in Oglala Lakota College in 2022-23 School Year

InstitutionNumber of Students Receiving GrantsTotal Amount of Grants ReceivedAverage Amount of Grant Per StudentNumber of Students Receiving LoansTotal Amount of Loans ReceivedAverage Amount of Loans Per Student
Oglala Lakota College56$649,015$11,5900$0$0

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