The Career Academy of Beauty reported a 25.2% reduction in tuition fees for the 2022-23 school year, based on recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $14,168 in tuition this year, which is $4,768 less than the $18,936 charged during the 2021-22 academic year.
Approximately 97% of the undergraduate students at the school are residents of California, while around 3% come from other states.
Data indicates that 67% of full-time undergraduates who began studies at the Career Academy of Beauty in 2022-23 received some form of student financial aid. In total, 40 students were awarded grants or scholarships amounting to $203,708, and 40 students obtained student loans exceeding $225,730.
Across the entire undergraduate population, 200 students received grants or scholarships totaling $881,033. Additionally, 182 students borrowed $1.1 million 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 Career Academy of Beauty 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 | 38 | 52% | $201,348 | $5,299 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 5% | $0 | $0 |
| Grant or scholarship aid total | 40 | 55% | $203,708 | $5,093 |
| Federal student loans | 40 | 55% | $225,730 | $5,643 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 40 | 55% | $225,730 | $5,643 |
| Total student aid | 49 | 67% | $429,438 | $8,764 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
