David Schejbal President | Excelsior College
David Schejbal President | Excelsior College
Data shows that students paid $19,727 on average to attend higher education courses at the time, $312 more than the previous school year.
Among the 11 institutions providing full disclosure in the county, Siena College stood out with the highest tuition fees, reaching an average of $41,980. Albany College of Pharmacy and Health Sciences followed with an average of $38,225 per year. The Aesthetic Science Institute students were offered the lowest annual tuition fees at $9,500.
At the time, at least $60.5 million in grants or scholarships were awarded to full-time undergraduates who started at the Albany County universities in the 2022-23 school year. Additionally, federal student loans reached more than $22.3 million.
Currently there are 12 higher education institutions in Albany County, including Orlo School of Hair Design and Cosmetology, Albany College of Pharmacy and Health Sciences, and St. Peter's Hospital College of Nursing.
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.
Of the 12 institutions in Albany County, Excelsior University did not provide detailed data on tuition fees.
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 |
|---|---|---|---|---|---|---|
| The College of Saint Rose | 238 | $6,702,528 | $28,162 | 152 | $1,597,412 | $10,509 |
| Maria College of Albany | 26 | $221,554 | $8,521 | 17 | $93,875 | $5,522 |
| Excelsior University | -- | -- | -- | -- | -- | -- |
| Albany BOCES-Adult Practical Nursing Program | 38 | $258,825 | $6,811 | 30 | $180,404 | $6,013 |
| Albany College of Pharmacy and Health Sciences | 111 | $2,820,935 | $25,414 | 103 | $1,459,657 | $14,171 |
| Orlo School of Hair Design and Cosmetology | 20 | $84,728 | $4,236 | 28 | $177,302 | $6,332 |
| Aesthetic Science Institute | 79 | $296,738 | $3,756 | 108 | $585,102 | $5,418 |
| Mildred Elley School-Albany Campus | 60 | $469,960 | $7,833 | 60 | $585,311 | $9,755 |
| St. Peter's Hospital College of Nursing | -- | -- | -- | -- | -- | -- |
| University at Albany | 2,471 | $24,085,419 | $9,747 | 1,608 | $11,733,791 | $7,297 |
| Bryant & Stratton College-Albany | 39 | $436,904 | $11,203 | 23 | $132,028 | $5,740 |
| Siena College | 845 | $25,119,117 | $29,727 | 587 | $5,740,894 | $9,780 |
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