Sharla Owens, Educator at Empire Beauty School-Richmond | Facebook
Sharla Owens, Educator at Empire Beauty School-Richmond | Facebook
Data shows that students paid $6,024 on average to attend higher education courses at the time, $914 more than the previous school year.
Among the four institutions providing full disclosure in the county, Empire Beauty School-Richmond stood out with the highest tuition fees, reaching an average of $18,750. South University-Richmond followed with an average of $17,014 per year. J Sargeant Reynolds Community College students were offered the lowest annual tuition fees at $5,058.
At the time, at least $3.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Henrico County universities in the 2022-23 school year. Additionally, federal student loans reached more than $957,202.
Currently there are eight higher education institutions in Henrico County, including South University-Richmond, Empire Beauty School-Richmond, and Bon Secours St Mary's Hospital School of Medical Imaging.
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 eight institutions in Henrico County, four did not provide detailed data on tuition fees, including Henrico County-Saint Marys Hospital School of Practical Nursing, Lotus Professional College, and Bon Secours St Mary's Hospital School of Medical Imaging.
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 |
|---|---|---|---|---|---|---|
| Bon Secours St Mary's Hospital School of Medical Imaging | -- | -- | -- | -- | -- | -- |
| Empire Beauty School-Richmond | 24 | $114,664 | $4,778 | 34 | $246,416 | $7,248 |
| J Sargeant Reynolds Community College | 426 | $3,139,918 | $7,371 | 26 | $124,587 | $4,792 |
| South University-Richmond | 13 | $94,234 | $7,249 | 12 | $90,052 | $7,504 |
| Henrico County-Saint Marys Hospital School of Practical Nursing | -- | -- | -- | -- | -- | -- |
| Fortis College-Richmond | 61 | $437,783 | $7,177 | 58 | $496,147 | $8,554 |
| Lotus Professional College | -- | -- | -- | -- | -- | -- |
| Bon Secours Memorial College of Nursing | -- | -- | -- | -- | -- | -- |
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