Carol Grode-Hanks Vice-President for Academics | Mitchell Technical College
Carol Grode-Hanks Vice-President for Academics | Mitchell Technical College
Data shows that students paid $16,671 on average to attend higher education courses at the time, $379 more than the previous school year.
Among the two institutions in the county, Dakota Wesleyan University stood out with the highest tuition fees, reaching an average of $31,890. Mitchell Technical College followed with an average of $7,524 per year.
At the time, a total of $4.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Davison County universities in the 2022-23 school year. Additionally, federal student loans reached $2.6 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 |
---|---|---|---|---|---|---|
Dakota Wesleyan University | 164 | $3,378,130 | $20,598 | 145 | $1,203,758 | $8,302 |
Mitchell Technical College | 220 | $721,757 | $3,281 | 217 | $1,349,896 | $6,221 |