Tuition fees at Velvatex College of Beauty Culture rose by 6.6% for the 2022-23 academic year, based on the latest available information, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private, for-profit institution paid $16,230 this year, which is $1,000 more than the $15,230 charged during the 2021-22 academic year.
The entire undergraduate student body at the college consists of residents of Arkansas.
Data indicates that 67% of full-time undergraduates who began their studies at Velvatex College of Beauty Culture in 2022-23 received some form of student financial aid. Specifically, eight students were awarded grants or scholarships totaling $48,632, while another eight students borrowed over $56,494 in student loans.
Across all undergraduate students, 12 received grants or scholarships amounting to $66,367. Additionally, eight students took out federal student loans totaling $56,494.
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 Velvatex College of Beauty Culture 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 | 8 | 67% | $48,632 | $6,079 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 8 | 67% | $48,632 | $6,079 |
| Federal student loans | 8 | 67% | $56,494 | $7,062 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 8 | 67% | $56,494 | $7,062 |
| Total student aid | 8 | 67% | $105,126 | $13,140 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
