The Arizona Academy of Beauty reported no change in tuition fees for the 2022-23 school year, maintaining the same rates as the previous year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled in the private for-profit institution paid $17,700 for both the 2021-22 and 2022-23 academic years.
All undergraduate students at the school are residents of Arizona.
Data indicates that 95% of full-time undergraduates who began studies at the Arizona Academy of Beauty in 2022-23 received some form of student financial aid. Specifically, 16 students were awarded grants or scholarships totaling $93,334, while 15 students obtained student loans exceeding $64,926.
Across the entire undergraduate population, 46 students benefited from grants or scholarships amounting to $242,336. Additionally, 32 students secured federal student loans totaling $150,778.
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 Arizona Academy of Beauty 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 | 14 | 74% | $77,973 | $5,570 |
| State / local grant or scholarship | 0 | 16% | $0 | $0 |
| Institutional grants or scholarships | 0 | 11% | $0 | $0 |
| Grant or scholarship aid total | 16 | 84% | $93,334 | $5,833 |
| Federal student loans | 15 | 79% | $64,926 | $4,328 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 15 | 79% | $64,926 | $4,328 |
| Total student aid | 18 | 95% | $158,260 | $8,792 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
