Rebecca \'Riki\' Wright, Owner and Educator | Reflections Academy of Beauty
Rebecca \'Riki\' Wright, Owner and Educator | Reflections Academy of Beauty
Data shows that students paid $24,661 on average to attend higher education courses at the time, $1,846 more than the previous school year.
Among the three institutions in the county, Millikin University stood out with the highest tuition fees, reaching an average of $41,632. Reflections Academy of Beauty followed with an average of $16,600 per year. Richland Community College students were offered the lowest annual tuition fees at $10,800.
At the time, a total of $12.1 million in grants or scholarships were awarded to full-time undergraduates who started at the Macon County universities in the 2022-23 school year. Additionally, federal student loans reached $2.1 million.
Currently there are three higher education institutions in Macon County, including Millikin University, Reflections Academy of Beauty, and Richland Community 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.
| 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 |
|---|---|---|---|---|---|---|
| Reflections Academy of Beauty | 13 | $76,572 | $5,890 | 11 | $95,335 | $8,667 |
| Richland Community College | 152 | $688,423 | $4,529 | 18 | $80,210 | $4,456 |
| Millikin University | 362 | $11,342,340 | $31,332 | 245 | $1,914,110 | $7,813 |
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