Cost of college increased for all ABC Beauty Academy students during 2022-23 school year

The tuition fee for attending ABC Beauty Academy rose by 6.2% during the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private for-profit institution paid $7,661 this year, an increase of $444 compared to the $7,217 charged in the 2021-22 academic year.

All undergraduate students at the academy are residents of Texas.

Data indicates that 93% of full-time undergraduates who began their studies at ABC Beauty Academy in 2022-23 received some form of student financial aid. A total of 101 students were awarded grants or scholarships amounting to $317,821.

Across the entire undergraduate body, 101 students benefited from grants or scholarships totaling $317,821.

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 the ABC Beauty Academy in the 2022-23 school year.

Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.