The Elite Cosmetology, Barber & Spa Academy did not increase tuition fees for the 2022-23 school year, as indicated by the latest available data, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $19,200 in tuition for both the 2021-22 and 2022-23 academic years.
The entire undergraduate student body at the academy consists of residents of Washington state.
Data reveals that 91% of full-time undergraduates who began studies at the Elite Cosmetology, Barber & Spa Academy in 2022-23 received some form of student financial aid. Specifically, 62 students were awarded grants or scholarships totaling $317,114, while 60 students obtained student loans exceeding $473,326.
Across all undergraduates, 104 students benefited from grants or scholarships amounting to $496,733. Additionally, 95 students secured federal student loans totaling $600,850.
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 Elite Cosmetology, Barber & Spa 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 | 62 | 81% | $315,246 | $5,085 |
| State / local grant or scholarship | 0 | 3% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 62 | 81% | $317,114 | $5,115 |
| Federal student loans | 60 | 78% | $473,326 | $7,889 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 60 | 78% | $473,326 | $7,889 |
| Total student aid | 70 | 91% | $790,440 | $11,292 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
