Montgomery College did not increase in-state tuition for the 2022-23 school year, as revealed in the latest report, according to the latest disclosure from the National Center for Education Statistics.
Maryland residents paid $10,254 to attend the two-year public college during both the 2021-22 and 2022-23 academic years.
Non-resident students were charged $14,034 in 2022-23, which is 36.9% higher than the in-state rate. This amount remained consistent with the 2021-22 academic year.
Approximately 96% of Montgomery College’s undergraduate students are Maryland residents, while about 3% come from other states.
Data indicates that 74% of full-time undergraduates who began studies at Montgomery College in 2022-23 received some form of student financial aid. A total of 1,085 students were awarded grants or scholarships amounting to $6 million, and 92 students borrowed over $472,607 in student loans.
Across all undergraduate students, 6,256 received grants or scholarships totaling $27.5 million, while 969 students took out federal student loans totaling $5.5 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.
The following data includes only full-time students who began an undergraduate program at the Montgomery College in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 675 | 43% | $3.5 million | $5,174 |
| State / local grant or scholarship | 448 | 29% | $897,985 | $2,004 |
| Institutional grants or scholarships | 964 | 62% | $1.6 million | $1,693 |
| Grant or scholarship aid total | 1,085 | 70% | $6 million | $5,551 |
| Federal student loans | 89 | 6% | $406,184 | $4,564 |
| Other student loans | 5 | 0% | $66,423 | $13,285 |
| Student loan aid | 92 | 6% | $472,607 | $5,137 |
| Total student aid | 1,153 | 74% | $6.5 million | $5,633 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
