The Pro Beauty Academy experienced a 25.6% rise in tuition fees 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 $9,950 this year, which is $2,030 higher than the $7,920 charged during the 2021-22 academic year.
All undergraduate students attending the academy are residents of New Jersey.
Data indicates that 40% of full-time undergraduates who began studies at the Pro Beauty Academy in 2022-23 received some form of student financial aid. Specifically, five students were awarded grants or scholarships totaling $32,126, while six students obtained student loans exceeding $40,000.
Across the entire undergraduate population, 50 students received grants or scholarships amounting to $154,906. Additionally, 66 students secured federal student loans totaling $135,505.
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 Pro Beauty Academy 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 | 5 | 33% | $32,126 | $6,425 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 5 | 33% | $32,126 | $6,425 |
| Federal student loans | 6 | 40% | $40,000 | $6,667 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 6 | 40% | $40,000 | $6,667 |
| Total student aid | 6 | 40% | $72,126 | $12,021 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
