Waded Cruzado President of Montana State University | Official Website
Waded Cruzado President of Montana State University | Official Website
Data shows that students paid $21,934 on average to attend higher education courses at the time, $941 more than the previous school year.
Among the two institutions in the county, Montana State University stood out with the highest tuition fees, reaching an average of $21,947. Academy of Cosmetology Inc followed with an average of $16,815 per year.
At the time, a total of $27.8 million in grants or scholarships were awarded to full-time undergraduates who started at the Gallatin County universities in the 2022-23 school year. Additionally, federal student loans reached $12.2 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.
| 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 |
|---|---|---|---|---|---|---|
| Academy of Cosmetology Inc | 8 | $30,051 | $3,756 | 11 | $62,614 | $5,692 |
| Montana State University | 2,785 | $27,758,414 | $9,967 | 1,273 | $12,106,689 | $9,510 |
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