The Taylor Andrews Academy of Hair Design-Provo raised tuition by 2.3% for the 2022-23 school year, according to recent disclosures, according to the latest disclosure from the National Center for Education Statistics.
Students paid $18,000 to attend the private, for-profit institution this year, which is $400 higher than the $17,600 charged during the 2021-22 academic year.
Approximately 86% of the academy’s undergraduate students are Utah residents, while about 14% come from other states.
Data indicates that 71% of full-time undergraduates who enrolled in 2022-23 at Taylor Andrews Academy of Hair Design-Provo received some form of student financial aid. Specifically, 28 students were awarded grants or scholarships totaling $106,722, and 39 students borrowed more than $242,636 in student loans.
Among all undergraduates, 111 students received grants or scholarships amounting to $357,302. Additionally, 85 students took out federal student loans totaling $485,998.
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 Taylor Andrews Academy of Hair Design-Provo 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 | 23 | 37% | $91,948 | $3,998 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 10 | 16% | $14,774 | $1,477 |
| Grant or scholarship aid total | 28 | 44% | $106,722 | $3,812 |
| Federal student loans | 39 | 62% | $242,636 | $6,221 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 39 | 62% | $242,636 | $6,221 |
| Total student aid | 45 | 71% | $349,358 | $7,763 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
