The Artistic Academy of Hair Design reported a 5.3% tuition increase for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $16,800 this year, an increase of $840 from the $15,960 tuition charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents from New Jersey.
Data indicates that 92% of full-time undergraduates who began studies at the Artistic Academy of Hair Design in 2022-23 received some form of student financial aid. Specifically, 36 students were awarded grants or scholarships totaling $118,484, while 23 students obtained student loans amounting to over $126,272.
Across all undergraduate students, 108 individuals received grants or scholarships totaling $354,058, and 64 students borrowed $343,585 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 Artistic Academy of Hair Design 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 | 12 | 31% | $65,124 | $5,427 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 36 | 92% | $53,360 | $1,482 |
| Grant or scholarship aid total | 36 | 92% | $118,484 | $3,291 |
| Federal student loans | 23 | 59% | $126,272 | $5,490 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 23 | 59% | $126,272 | $5,490 |
| Total student aid | 36 | 92% | $244,756 | $6,798 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
