Tuition for Massachusetts residents attending Holyoke Community College rose by 3.6% during the 2022-23 academic year, according to recently released data, according to the latest disclosure from the National Center for Education Statistics.
Residents of Massachusetts paid $5,570 to attend the two-year public college this year, an increase of $192 from the $5,378 charged in the 2021-22 academic year.
Non-resident students paid $10,514 for the 2022-23 school year, which is 88.8% higher than the in-state rate. This amount reflects a 1.9% increase from $10,322 in 2021-22.
Approximately 99% of the undergraduate student body at Holyoke Community College are Massachusetts residents, while about 1% come from other states.
Data indicates that 76% of full-time undergraduates who began their studies at Holyoke Community College in 2022-23 received some form of financial aid. A total of 241 students were awarded grants or scholarships amounting to $1.6 million, and 89 students obtained student loans exceeding $392,481.
Across all undergraduates, 1,989 students received grants or scholarships totaling $9.7 million. Additionally, 850 students borrowed $4.7 million in federal student loans.
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 Holyoke Community 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 | 193 | 54% | $994,723 | $5,154 |
| State / local grant or scholarship | 212 | 59% | $414,120 | $1,953 |
| Institutional grants or scholarships | 188 | 53% | $163,673 | $871 |
| Grant or scholarship aid total | 241 | 68% | $1.6 million | $6,525 |
| Federal student loans | 89 | 25% | $392,481 | $4,410 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 89 | 25% | $392,481 | $4,410 |
| Total student aid | 271 | 76% | $2 million | $7,250 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
