According to the latest report, tuition at GoodFellas Barber College did not change for the 2022-23 school year, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $17,500 this year, an increase of $1,825 from the $15,675 charged during the 2021-22 academic year.
The entire undergraduate student body at the school consists of residents of Arkansas.
Data indicates that 73% of full-time undergraduates who began studies at GoodFellas Barber College in 2022-23 received some form of student financial aid. Among them, 22 students were awarded grants or scholarships totaling $102,499, while 18 students obtained student loans exceeding $135,640.
When considering all undergraduates, 31 students received grants or scholarships amounting to $145,462. Additionally, 26 students borrowed a total of $197,044 in federal student loans.
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 GoodFellas Barber College 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 | 22 | 67% | $102,499 | $4,659 |
| State / local grant or scholarship | 0 | 0% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 22 | 67% | $102,499 | $4,659 |
| Federal student loans | 18 | 55% | $135,640 | $7,536 |
| Other student loans | 0 | 0% | $0 | $0 |
| Student loan aid | 18 | 55% | $135,640 | $7,536 |
| Total student aid | 24 | 73% | $238,139 | $9,922 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
