For the 2022-23 school year, tuition at Arkansas Beauty College rose by 4.2%, 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 $15,150 in tuition during both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the school consists of residents from Arkansas.
Data indicates that 70% of full-time undergraduates who began studies at Arkansas Beauty College in 2022-23 received some form of financial aid. Seventeen students were awarded grants or scholarships totaling $73,129, while 18 students obtained student loans exceeding $98,729.
Across all undergraduate students, 33 individuals received grants or scholarships amounting to $133,280. Additionally, 32 students borrowed $174,484 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.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 17 | 63% | $73,129 | $4,302 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 17 | 63% | $73,129 | $4,302 |
| Federal student loans | 18 | 67% | $98,729 | $5,485 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 18 | 67% | $98,729 | $5,485 |
| Total student aid | 19 | 70% | $171,858 | $9,045 |
