The American Beauty Academy did not raise tuition fees for the 2022-23 school year, as indicated by 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 $15,000 in tuition for both the 2021-22 and 2022-23 academic years.
All undergraduate students attending the school are residents of Utah.
Data reveals that every full-time undergraduate who began studies at the American Beauty Academy in 2022-23 received some form of student financial aid. Specifically, 16 students were awarded grants or scholarships totaling $67,024, while eight students borrowed more than $41,378 in student loans.
Across the entire undergraduate student body, 32 students benefited from grants or scholarships amounting to $67,024. Additionally, 20 students obtained federal student loans totaling $105,818.
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 American 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 | 16 | 100% | $67,024 | $4,189 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 16 | 100% | $67,024 | $4,189 |
| Federal student loans | 8 | 50% | $41,378 | $5,172 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 8 | 50% | $41,378 | $5,172 |
| Total student aid | 16 | 100% | $108,402 | $6,775 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
