Cost of college increased for all Salon Boutique Academy students during 2022-23 school year

The Salon Boutique Academy reported a 2.3% rise in tuition fees for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.

Students enrolled at the private for-profit institution paid $11,250 this year, an increase of $250 from the $11,000 tuition charged during the 2021-22 academic year.

The entire undergraduate student body at the academy consists of residents of Texas.

A total of 139 undergraduates received grants or scholarships amounting to $474,620, while 166 students borrowed $749,947 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 the Salon Boutique 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.