Dr. Patrick Tompkins, President | NHTI-Concord\'s Community College
Dr. Patrick Tompkins, President | NHTI-Concord\'s Community College
Data shows that students paid $15,564 on average to attend higher education courses at the time, $12 more than the previous school year.
Among the seven institutions in the county, Colby-Sawyer College stood out with the highest tuition fees, reaching an average of $47,164. New England College followed with an average of $41,518 per year. NHTI-Concord's Community College students were offered the lowest annual tuition fees at $7,544.
At the time, a total of $25.7 million in grants or scholarships were awarded to full-time undergraduates who started at the Merrimack County universities in the 2022-23 school year. Additionally, federal student loans reached $16.9 million.
Currently there are seven higher education institutions in Merrimack County, including Empire Beauty School-Hooksett, NHTI-Concord's Community College, and University of New Hampshire College of Professional Studies Online.
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 |
|---|---|---|---|---|---|---|
| New England College | 246 | $7,496,867 | $30,475 | 204 | $1,869,648 | $9,165 |
| Magdalen College | 15 | $251,963 | $16,798 | 9 | $46,078 | $5,120 |
| Colby-Sawyer College | 183 | $7,196,941 | $39,328 | 147 | $1,402,251 | $9,539 |
| University of New Hampshire College of Professional Studies Online | 19 | $108,831 | $5,728 | 16 | $92,908 | $5,807 |
| Southern New Hampshire University | 1,972 | $8,986,890 | $4,557 | 1,936 | $12,018,234 | $6,208 |
| NHTI-Concord's Community College | 156 | $1,122,383 | $7,195 | 192 | $1,115,037 | $5,807 |
| Empire Beauty School-Hooksett | 71 | $549,530 | $7,740 | 61 | $402,985 | $6,606 |
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