Richard Irick Director and Owner | Advanced Welding Institute
Richard Irick Director and Owner | Advanced Welding Institute
Data shows that students paid $41,167 on average to attend higher education courses at the time, $307 more than the previous school year.
Among the five institutions in the county, Saint Michael's College stood out with the highest tuition fees, reaching an average of $49,840. Champlain College followed with an average of $44,220 per year. The O'Briens Aveda Institute students were offered the lowest annual tuition fees at $14,000.
At the time, a total of $81.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Chittenden County universities in the 2022-23 school year. Additionally, federal student loans reached $20.4 million.
Currently there are five higher education institutions in Chittenden County, including Advanced Welding Institute, Saint Michael's College, and O'Briens Aveda Institute.
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 |
|---|---|---|---|---|---|---|
| University of Vermont | 2,974 | $56,781,479 | $19,093 | 1,374 | $14,215,837 | $10,346 |
| Champlain College | 533 | $14,093,055 | $26,441 | 363 | $3,350,755 | $9,231 |
| Advanced Welding Institute | 61 | $696,171 | $11,413 | 51 | $368,597 | $7,227 |
| O'Briens Aveda Institute | 31 | $162,253 | $5,234 | 19 | $183,717 | $9,669 |
| Saint Michael's College | 258 | $9,384,425 | $36,374 | 159 | $2,272,165 | $14,290 |
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