President Kim Mooney | Franklin Pierce University
President Kim Mooney | Franklin Pierce University
Data shows that students paid $26,934 on average to attend higher education courses at the time, $504 more than the previous school year.
Among the three institutions in the county, Franklin Pierce University stood out with the highest tuition fees, reaching an average of $43,155. Keene State College followed with an average of $20,529 per year. The Keene Beauty Academy students were offered the lowest annual tuition fees at $17,500.
At the time, a total of $19.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Cheshire County universities in the 2022-23 school year. Additionally, federal student loans reached $7.4 million.
Currently there are three higher education institutions in Cheshire County, including Keene Beauty Academy, Keene State College, and Franklin Pierce University.
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 |
---|---|---|---|---|---|---|
Keene State College | 705 | $7,421,364 | $10,527 | 501 | $4,867,787 | $9,716 |
Keene Beauty Academy | 16 | $91,011 | $5,688 | 26 | $149,989 | $5,769 |
Franklin Pierce University | 317 | $11,538,065 | $36,398 | 251 | $2,335,913 | $9,306 |
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